14% of Salvadoran businesses have transacted in BTC: Chamber of Commerce By Cointelegraph

14% of Salvadoran businesses have transacted in BTC: Chamber of Commerce

Cryptocurrency Mar 18, 2022 07:00PM ET

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14% of Salvadoran businesses have transacted in BTC: Chamber of Commerce

Businesses in El Salvador have been slow to adopt Bitcoin (BTC) ever since the country famously recognized the digital asset as legal tender in September 2021, according to a recent survey by the Salvadoran Chamber of Commerce.

Of the 337 companies polled between Jan. 15 and Feb. 9, only 14% said they had transacted in BTC since the Bitcoin Law came into effect. Over 90% of the companies indicated that Bitcoin adoption in the country had little impact on their sales.

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