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El Salvador’s Companies Barely Bother With Bitcoin

  • Companies say Bitcoin has had little to no impact on sales
  • Finance Minister Zelaya says crypto bond coming soon
A pedestrian walks by a cellphone accessories shop that accepts Bitcoin in San Salvador, El Salvador.

A pedestrian walks by a cellphone accessories shop that accepts Bitcoin in San Salvador, El Salvador.

Photographer: Camilo Freedman/Bloomberg
From

A survey by El Salvador’s Chamber of Commerce found that the vast majority of companies in a country known for its Bitcoin-boosting president haven’t used crypto for business.

Only 14% of respondents to the Chamber of Commerce Survey said they had transacted in Bitcoin since September, when the country became the first in the world to recognize the digital token as legal tender.