In El Salvador... 46% of the population uses a Chivo wallet, according to its president!

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I became Bitcoin A month and a half ago, a legal tender took place in El Salvador, with citizens owning accounts on a wallet Goat That's twice as much for Salvadorans who have a bank account.

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The chief said Bukele, in his latest post about buying Shifu Billy Goat On October 3, 3 million Salvadorans use the wallet, which is the equivalent of 46% Of the population.

By comparison, data show a year 2017, that 29% of Salvadorans have a bank account. It is funny that this percentage decreased from 35% in a year 2014, according to statistics Statista.

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At this early stage, indications may be that the experience of Bitcoin In El Salvador, you are on the right track. Given the public's opposition to it, people question the president's motives Bukele to keep moving forward.

Are people for or against Bitcoin?

Despite international outcry and public outcry, the president remained Bukele steadfast in its support for the currency Bitcoin.

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As Salvadorans who oppose the idea say, Bitcoin Prefer speculators with good resources. But in terms of its use as a currency, they assert that high volatility means a loss every day.

In addition, critics draw attention to the privacy implications of using Goat. They have raised concerns that the wallet would require users to agree to microphone and access to contacts.

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And with some polls indicating that two-thirds of El Salvadorans oppose the law Bitcoin, summed up the economic Ricardo Castaneda The position is that people can't measure the president's motivation Bukele To continue on this path, despite the opposition.

"May be Bitcoin A source of distraction, but given the decision to go ahead with the plan despite popular opposition and expert advice, it could also be an important pillar of the Bukele project. Watch political.”

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However, regardless of the narrative, there is some evidence that Salvadorans are embracing the change. While the president tweeted Bukele Last week, that wallet users Goat, they trade in Bitcoin, and they retain 4:1.

“Since yesterday, El Salvadorans have been bringing in money (to buy bitcoin ), more than they withdraw from the ATM chivowallet.

And if we add conversions (approx 2 million dollars per day), the amount received in US dollars doubles the outflow.”

Can we trust the numbers?

Although more people have used a wallet Goat More than those with bank accounts, regardless of incentive 30 The dollar allocated to download the wallet, is it fair to say, that Bitcoin More common than the US dollar?

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In other words, if local banks have an incentive worth 30 Dollars to open a bank account, are we seeing a similar rise in the number of people opening bank accounts?

It is worth noting that local news agencies have reported cases of identity fraud related to a wallet Goat. where you say The World, that some Salvadorans tried to download Goat Only to find out that their details have already been registered, and to claim a reward 30 dollar.

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This may not lead to a safety mockery Goat Not only, but it also indicates an over-eating of the wallet.

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