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One-fifth of businesses in El Salvador now accept Bitcoin: NBER study

04/28/2022

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2022.04.28 17:36

One-fifth of businesses in El Salvador now accept Bitcoin: NBER study

Months after Bitcoin (BTC) became legal tender in El Salvador, a study conducted by the National Bureau of Economic Research (NBER) shows that 20 percent of businesses have started to accept BTC as their payment method.

The study, surveying adults from 1,800 households in El Salvador, aimed to measure the adoption of BTC in the country after the Bitcoin Law was passed. The researchers found that BTC is gaining ground compared to other payment methods.

Suchitoto, a municipality in El Salvador. Source: elsalvador.travel

04/28/2022

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