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Feb 10

Almost twice as many Salvadorians have a Bitcoin wallet than a bank account

Should this be taken as a sign that Bitcoin is outdoing the dollar in El Salvador? In just over a month since Bitcoin became legal tender in El Salvador, almost twice as many Salvadorians have a Chivo wallet than a bank account. In his most recent post on the uptake of Chivo on October 3, President Bukele said 3 million Salvadorians were using the wallet; this equates to 46% of the population. In comparison, data from 2017 shows that 29% of Salvadorians had a bank account. Funnily enough, thi...

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