Salvadorans prefer the dollar over bitcoin, according to a survey

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San Salvador, Nov 22 (EFE) .- After more than two months of circulation of bitcoin as legal currency in El Salvador, a survey released this Monday indicates that more than 91% of Salvadorans prefer the dollar.

The survey by the Centro de Estudios Ciudadanos (CEC) of the private Francisco Gavidia University indicates that, when presenting the option of both currencies, 91.4% of Salvadorans favor the dollar, 4.9% for bitcoin and 3.7% did not respond.

However, when asked about the decision to adopt bitcoin as a currency, 35% said they were in favor and 40% against.

Last July, the CEC asked Salvadorans about this decision and 53.5% considered it not the correct one, 24% not very correct, 12.9% correct and 6.5% very correct.

At that time, 95% of Salvadorans believed that the dollar gave “financial stability to their family economy”, while 1% favored bitcoin.

El Salvador became a world cryptocurrency laboratory at the beginning of September with the adoption of bitcoin as legal tender and in these months the opacity in the purchase of this cryptoactive with public funds and the identity theft have become the side measure dark.

Salvadorans cannot know the use that the Government makes of more than 200 million dollars approved by the Legislative Assembly and about 1,000 people have denounced the impersonation of their identity to collect a bonus of 30 dollars for the use of the wallet government digital.

On the other hand, the Government announced the construction of a veterinary hospital with the “profits” from the revaluation of the bitcoins bought and also the construction of the first “Bitcoin city”.

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“What will #BitcoinCity have? It will have everything. Residences, shops, services, museums, bars, restaurants, airport,” President Nayib Bukele said on Saturday, according to Twitter messages from the Presidency.

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