NBER: a third of Salvadorans have downloaded the Chivo bitcoin wallet
More than half of those who downloaded the app stopped using it after spending the welcome bonus
28.04.2022 - 13:30
362
1 min
0
What’s new? A third of Salvadorans surveyed downloaded the state-owned Chivo bitcoin wallet. According to a report from the US Economic Bureau of Economic Research (NBER), more than half of those who downloaded the app stopped using it after spending the welcome bonus of $30 in BTC. Between 6 000 and 15 000 transactions are made daily on Chivo. The study surveyed 1800 households.
What else does the report say? 68% of those surveyed were aware of the existence of Chivo. The wallet was installed by 4,3 million people, with analysts claiming “virtually no downloads” in 2022. The share of BTC transfers on Chivo is only 1,6%.
Users have also reported problems related to scams with obtaining free bitcoins and identity leaks. The analysts attribute the wallet’s low distribution rate to the fact that only 65% of El Salvador’s population has a phone with Internet access.
“The probability of being aware of Chivo is higher for individuals who own a cell phone with internet, and who are banked, educated, young, and male,” the report says.
What had happened before? According to a survey conducted by the state-owned Chamber of Commerce, 14 % of businesses in El Salvador use bitcoin to make transactions.
More than 90% of companies stated that the adoption of bitcoin as a means of payment had no impact on their revenue.
Useful material?
Telegram 
Twitter Mining
Along with this, the company will reduce non-mining business units
Nov 8, 2024
Market
Earlier, Trump promised to include the first cryptocurrency in the country’s reserves if re-elected as president
Nov 7, 2024
Incidents
According to the publication, the platform’s activities fall under the definition of gambling
Nov 7, 2024
Market
According to the founder of TRON, the leading US crypto exchange asked for several hundred million dollars for the listing of TRX
Nov 4, 2024
Incidents
The company conducted fictitious trading for six years to inflate the trading volume of tokens of several companies, receiving payment for these services
Nov 1, 2024
Market
1,5 million addresses have already left applications
Oct 31, 2024
Cryptocurrency rates
-
Bitcoin
$76 442
BTC
+0.6%
-
Ethereum
$2 989.23
ETH
+2.83%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$0.550304
XRP
-0.68%
-
Dogecoin
$0.200636
DOGE
+3.95%
-
Cardano
$0.438569
ADA
+6.07%
-
Bitcoin Cash
$374.13
BCH
-1.43%
-
Polkadot
$4.31
DOT
+3.66%
-
Litecoin
$72.77
LTC
+1.33%
-
Stellar XLM
$0.101119
XLM
-0.28%