El Salvador businesses are in no hurry to use bitcoin. But the president of the country does not lose heart

Businesses in El Salvador are in no rush to use Bitcoin for payments, despite the fact that sinceThe adoption of the first cryptocurrency has already passed six months. The El Salvador Chamber of Commerce surveyed local businesses and shared the results of the study with the general public.

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337 local companies took part in the survey, itwas held from January 15 to February 9. The vast majority (71%) of respondents were small businesses, 13% were midsize companies and 16% were large firms.

90% of respondents noted that the recognition of bitcoinofficial means of payment had virtually no effect on the sale of goods. 14% admitted that they made transactions with bitcoins. At first glance, the results of the survey turned out to be disappointing for the supporters of the first cryptocurrency, however, dependence on the US dollar is starting to decline, and this may be useful for El Salvador, where the dollar has been the official currency since 2001.

In February, El Salvador's President NayibBukele bragged that the country showed double-digit GDP growth, with exports in January 2022 up 13.7% compared to January 2021. And according to Salvador's Tourism Minister Morena Valdez, El Salvador's tourism industry has grown by more than 30% since the passage of the Bitcoin Act in September 2021. This example inspires politicians from other countries and, perhaps, in 2022, as Bukele predicted, two more countries will accept Bitcoin as a means of payment. Perhaps Mexico will be among these countries (but this is not certain).

In the meantime, Bukele, a resilient bitcoin fan, plans to speak at the upcoming Bitcoin 2022 conference, which kicks off in a couple of weeks. He promised everyone present "a huge surprise."

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