Bitcoin is struggling to gain traction in El Salvador, the first country to accept it as legal tender
A survey by the U.S.
National Bureau of Economic Research in partnership with Cid Gallup found that only 20% of respondents in El Salvador continued using the Chivo wallet after downloading it and spending the initial $30 signup bonus. Most downloads occurred last September, when Bitcoin was first authorized for use in El Salvador allongside the dollar, and virtually no one has installed Chivo on their phone in 2022,
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Central African Republic to Accept Bitcoin as Legal Tender (Report)The Central African Republic might follow El Salvador's example and embrace bitcoin as legal tender.
Read more »
El Salvador's Bitcoin Experiment Is Big Failure, Study ShowsEl Salvador's Bitcoin experiment is shaping up to be a big failure, a recent study shows
Read more »
Forex Today: Euro, CHF, GBP Fall to Long-Term LowsRisk sentiment improved yesterday, boosting stock markets, while the US Dollar continued its strong recent advance, with European currencies notably weaker. forexnews marketnews forextrader
Read more »
Trump Held in Contempt of Court With Daily $10K Fine for Refusal to Turn Over Financial DocumentsA New York Supreme Court judge held Donald Trump in contempt of court for failing to comply with a subpoena for financial records related to his business practices. Trump will now face a fine of $10,000 per day from the court until he complies.
Read more »
Covid: Job losses expected at Wrexham vaccine factorySome 500 workers were employed at the factory at the peak of the vaccine rollout.
Read more »
These 2 factors may predict whether you’ll have long COVID, new study finds“If your symptoms were present at 15 weeks, they were more likely to be present a year later,” explained NBC News medical contributor Dr. Natalie Azar on TODAY Tuesday.
Read more »