Most Salvadorans Do Not Want Bitcoin, Poll Shows: Report
More than two-thirds of people in a survey disagreed or strongly disagreed with using bitcoin as legal tender.
The majority of Salvadorans disagree with their government over adopting bitcoin as legal tender, according to one survey.
- As many as 67.9% of the 1,281 people surveyed either disagreed or strongly disagreed with using bitcoin as legal tender, Reuters reported Thursday, citing a poll by the Central American University (UCA).
- Just over 32% of the people agreed with the government’s decision on some level.
- The law adopting bitcoin as legal tender is set to take effect on Sept. 7.
- The survey, carried out in August, also suggested that nine out of 10 people did not have a clear understanding of bitcoin. Eight out of 10 said they had little or no confidence in its use.
- A majority said they thought the main beneficiaries of bitcoin’s adoption would be wealthy elites, such as the government, business leaders and foreign investors.
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