El Salvador is known for embracing Bitcoin as legal tender to stimulate economic development. However, recent research surveys conducted by a group of esteemed economics professors reveal a nuanced and challenging landscape for El Salvador Bitcoin adoption and the widespread acceptance of this digital currency within the country.

The comprehensive research report, a collaboration between Yale Economics Assistant Professor David Argente, Economics Professor Diana Van Patten, and University of Chicago Economics Professor Fernando Alvarez, involved an intensive face-to-face survey conducted on 1,800 households.

It focused on investigating the use of El Salvador’s Chivo Wallet within…

Read more on bitcoinnews