• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Majority of Salvadorans do not want bitcoin, poll shows

September 2, 2021 by David Barret Leave a Comment

September 2, 2021

SAN SALVADOR (Reuters) – Most Salvadorans disagree with the government’s decision to adopt bitcoin as legal tender, with many unaware of how to use the digital currency and distrustful of the project, a poll by the Central American University (UCA) showed on Thursday.

At least 67.9% of 1,281 people surveyed said they disagree or strongly disagree with the use of bitcoin as a legal tender, said the poll by UCA, a Jesuit university based in El Salvador. Just over 32% of people said they agree on some level.

The study was issued days before the government is due to formalize the cryptocurrency as legal tender in El Salvador on Sept. 7, a plan announced by President Nayib Bukele in June.

UCA’s poll, carried out in August, also showed that 9 out of 10 people did not have a clear understanding of bitcoin, and 8 out of 10 said they had little or no confidence in its use.

Most people, 7 out of 10, thought lawmakers should repeal the law that makes it legal tender.

“What we can see in this survey, in addition to this broad rejection of the implementation of bitcoin as legal tender, is that for the first time we found a significant disagreement between the population and decisions being made by the Legislative Assembly and the president,” said UCA dean Andreu Oliva.

The government did not immediately respond to a request for comment on the poll. Bukele and his government have presented the measure as a way to boost jobs and economic development by making El Salvador less reliant on U.S. dollars, the current legal tender.

The survey also showed most Salvadorans think the main beneficiaries will be the wealthy, foreign investors, the government and business leaders.

“There is a lot of concern about the possible negative effects of using bitcoin,” said Oliva.

(Reporting by Nelson Renteria; Writing by Cassandra Garrison; Editing by Frances Kerry)

Source Link Majority of Salvadorans do not want bitcoin, poll shows

David Barret
David Barret

Related posts:

  1. Oil rises on declining inventories and weaker dollar
  2. PUBG: New State goes for pre-registrations in India for Android and iOS
  3. Xi says China to set up stock exchange in Beijing
  4. The Fujifilm GFX50S II is the cheapest digital medium format camera ever

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • Over 500 Bird Species At Risk In Next Century As We Face “Unprecedented” Extinction Crisis
  • World First: Mice With 2 Dads Father Their Own Offspring
  • Largest Ever Space-Based Gravitational Wave Observatory Begins Construction
  • Plastic Trash? This Bacterium Can Turn It Into Paracetamol – AKA Tylenol®
  • What Is The Earliest Evidence For Blue Eyes In Humans?
  • Now 124 Years Old, Henry Is The World’s Oldest Known Crocodile – And He’s A Big Boy
  • What Happened When A Kansas Family Lived With 2,055 Brown Recluse Spiders For 5 And A Half Years
  • The Last Thing A NASA Spacecraft Saw Before Plunging Into Saturn
  • Neolithic Ireland Wasn’t Ruled By Incestuous “God-Kings” After All
  • NASA’s Voyager 1 & 2 Were Not The First Missions To Reach The Outer Solar System
  • See Incredible First Images From Space Mission That Will Weigh All The World’s Forests
  • Nudes Of The Stone Age: 6,000-Year-Old Kołobrzeg Venus Is A Prehistoric Masterpiece
  • Cannabis And Human Remains Sent To Space Go Missing After Returning To Earth On SpaceX Mission
  • Mercury’s Steep Cliffs Might Be The Result Of The Sun Squeezing The Planet
  • Dennis Hope: The Man Who Allegedly Sold Presidents Land On The Moon (That He Doesn’t Own)
  • Video: Which Animal Has The Largest Brain?
  • Amazing First Images From World’s Largest Digital Camera Revealed
  • There’s Only One Person In The World With This Blood Type
  • Garden Snails Now Venomous According To Radical Redefinition, And Things Get Surprisingly Sexy
  • “Allokelping”: Hot New Wellness Trend For Critically Endangered Orcas Showcases Impressive Tool Use
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version