Study: 12% of Salvadorans use Bitcoin for shopping
Researchers surveyed 1,280 residents of El Salvador in December 2023. The majority of respondents who paid for any purchase with Bitcoin in the past year only used BTC one to three times (49.7%). 20% have used Bitcoin more than ten times. The majority of BTC spending came from small grocery stores (22.9%) and supermarkets (20.9%), as well as veterinary clinics (15%).
The number of Salvadorans who believe their family's life has improved over the past year due to the legalization of Bitcoin increased slightly, from 3% in 2022 to 6.8% in 2023. However, more than a third of survey participants (34.3%) believe that over the past year the overall economic situation in the country has improved due to a decrease in crime (24.3%). Only 0.5% of Salvadorans attribute the improvement in the economy to the adoption of Bitcoin as a means of payment.
The number of Salvadorans using Bitcoin is actually declining. In 2022, the university conducted a similar study, which showed that 24.4% of the country’s citizens pay with Bitcoin, that is, almost twice as much.
