Wednesday, May 18, 2022
  • Shop
  • My account
    • Cart
    • Checkout
  • Contact Us
  • Login
Crypto Travel Magazine
  • Home
  • Crypto Tourism
    • All
    • Boat Parties
    • Crypto Cruises
    Gicam calls for caution as CAR legalizes cryptocurrency

    Gicam calls for caution as CAR legalizes cryptocurrency

    Thousand Islands Region Offers Great Vacations – Oneida Dispatch

    Thousand Islands Region Offers Great Vacations – Oneida Dispatch

    Summer travel preview: Viking Cruises chairman: ‘COVID is really behind us’

    Summer travel preview: Viking Cruises chairman: ‘COVID is really behind us’

    Northladder plans expansion with US$10M convertible note

    Northladder plans expansion with US$10M convertible note

    A Dispatch from Michael Milken’s Global Thought Conference

    A Dispatch from Michael Milken’s Global Thought Conference

    Why Norwegian Cruise Lines Rose 12.3% in March

    Why Norwegian Cruise Lines Rose 12.3% in March

    Saudi tourism sees 130% recovery in Q1 compared to pre-pandemic levels, authority CEO says – Arab News

    Saudi tourism sees 130% recovery in Q1 compared to pre-pandemic levels, authority CEO says – Arab News

    The 2022 Australian election and the bipartisan assault on refugees

    The 2022 Australian election and the bipartisan assault on refugees

    Australia's Pandemic-Era Ban on Cruise Ships Comes to an End – Bloomberg

    Trending Tags

      • Crypto Cruises
      • Boat Parties
      • Crypto Travel Videos
      • Crypto Destinations
        Digital Alchemy: Terra, Bitcoin, And The Crypto Crash

        Digital Alchemy: Terra, Bitcoin, And The Crypto Crash

        China Climbs Back Up to Top Crypto Mining Spot After the U.S.

        China Climbs Back Up to Top Crypto Mining Spot After the U.S.

        Al Ahsa airport capacity to more than double with regional faster growth expectations

        Al Ahsa airport capacity to more than double with regional faster growth expectations

        Bitcoin Mining Appears to Have Survived Ban in China

        Bitcoin Mining Appears to Have Survived Ban in China

        Robinhood launching DeFi wallet to rival Metamask

        Robinhood launching DeFi wallet to rival Metamask

        The Least Crypto-Friendly Countries in the World for Enthusiasts

        The Least Crypto-Friendly Countries in the World for Enthusiasts

      • Crypto Travel Podcasts
      • Digital Travel Gadgets
    • Crypto Travel Tech News
      This Week’s Top Bitcoin and Crypto News: NFT of Jack Dorsey’s Tweet Flops at Auction

      This Week’s Top Bitcoin and Crypto News: NFT of Jack Dorsey’s Tweet Flops at Auction

      Globant Launches Smart Payments Studio to Help Companies Create Simpler, Faster and More Secure Solutions

      Globant Launches Smart Payments Studio to Help Companies Create Simpler, Faster and More Secure Solutions

      CyberConnect raises $15M Series A to put data back in the hands of users – TechCrunch

      CyberConnect raises $15M Series A to put data back in the hands of users – TechCrunch

      Equilibrium/Sustainability — Distilling vodka from CO2 emissions

      Equilibrium/Sustainability — Distilling vodka from CO2 emissions

      Revolut’s Billionaire Founder Nik Storonsky To Launch AI-Led Venture Capital Fund

      Revolut’s Billionaire Founder Nik Storonsky To Launch AI-Led Venture Capital Fund

      Revolut’s Billionaire Founder Nik Storonsky To Launch AI-Led Venture Capital Fund

      Revolut’s Billionaire Founder Nik Storonsky To Launch AI-Led Venture Capital Fund

    • Cryptocurrency Hodlers
    • Shop
    No Result
    View All Result

    No products in the cart.

    Crypto Travel Magazine
    • Home
    • Crypto Tourism
      • All
      • Boat Parties
      • Crypto Cruises
      Gicam calls for caution as CAR legalizes cryptocurrency

      Gicam calls for caution as CAR legalizes cryptocurrency

      Thousand Islands Region Offers Great Vacations – Oneida Dispatch

      Thousand Islands Region Offers Great Vacations – Oneida Dispatch

      Summer travel preview: Viking Cruises chairman: ‘COVID is really behind us’

      Summer travel preview: Viking Cruises chairman: ‘COVID is really behind us’

      Northladder plans expansion with US$10M convertible note

      Northladder plans expansion with US$10M convertible note

      A Dispatch from Michael Milken’s Global Thought Conference

      A Dispatch from Michael Milken’s Global Thought Conference

      Why Norwegian Cruise Lines Rose 12.3% in March

      Why Norwegian Cruise Lines Rose 12.3% in March

      Saudi tourism sees 130% recovery in Q1 compared to pre-pandemic levels, authority CEO says – Arab News

      Saudi tourism sees 130% recovery in Q1 compared to pre-pandemic levels, authority CEO says – Arab News

      The 2022 Australian election and the bipartisan assault on refugees

      The 2022 Australian election and the bipartisan assault on refugees

      Australia's Pandemic-Era Ban on Cruise Ships Comes to an End – Bloomberg

      Trending Tags

        • Crypto Cruises
        • Boat Parties
        • Crypto Travel Videos
        • Crypto Destinations
          Digital Alchemy: Terra, Bitcoin, And The Crypto Crash

          Digital Alchemy: Terra, Bitcoin, And The Crypto Crash

          China Climbs Back Up to Top Crypto Mining Spot After the U.S.

          China Climbs Back Up to Top Crypto Mining Spot After the U.S.

          Al Ahsa airport capacity to more than double with regional faster growth expectations

          Al Ahsa airport capacity to more than double with regional faster growth expectations

          Bitcoin Mining Appears to Have Survived Ban in China

          Bitcoin Mining Appears to Have Survived Ban in China

          Robinhood launching DeFi wallet to rival Metamask

          Robinhood launching DeFi wallet to rival Metamask

          The Least Crypto-Friendly Countries in the World for Enthusiasts

          The Least Crypto-Friendly Countries in the World for Enthusiasts

        • Crypto Travel Podcasts
        • Digital Travel Gadgets
      • Crypto Travel Tech News
        This Week’s Top Bitcoin and Crypto News: NFT of Jack Dorsey’s Tweet Flops at Auction

        This Week’s Top Bitcoin and Crypto News: NFT of Jack Dorsey’s Tweet Flops at Auction

        Globant Launches Smart Payments Studio to Help Companies Create Simpler, Faster and More Secure Solutions

        Globant Launches Smart Payments Studio to Help Companies Create Simpler, Faster and More Secure Solutions

        CyberConnect raises $15M Series A to put data back in the hands of users – TechCrunch

        CyberConnect raises $15M Series A to put data back in the hands of users – TechCrunch

        Equilibrium/Sustainability — Distilling vodka from CO2 emissions

        Equilibrium/Sustainability — Distilling vodka from CO2 emissions

        Revolut’s Billionaire Founder Nik Storonsky To Launch AI-Led Venture Capital Fund

        Revolut’s Billionaire Founder Nik Storonsky To Launch AI-Led Venture Capital Fund

        Revolut’s Billionaire Founder Nik Storonsky To Launch AI-Led Venture Capital Fund

        Revolut’s Billionaire Founder Nik Storonsky To Launch AI-Led Venture Capital Fund

      • Cryptocurrency Hodlers
      • Shop
      No Result
      View All Result

      No products in the cart.

      Crypto Travel Magazine
      No Result
      View All Result

      El Salvador’s Bitcoin Adoption Is Yet to Capture the Local’s Interest (Study)

      Cryptotraveller1 by Cryptotraveller1
      April 29, 2022
      in Crypto Tourism
      0 0
      0
      Home Crypto Tourism


      According to the American non-profit organization – the National Bureau of Economic Research (NBER) – the majority of El Salvadorans (60%) have not downloaded the Chivo Wallet (a feature that facilitates bitcoin transactions). Additionally, there have been almost no downloads since September 2021, when the country became the first nation to adopt the asset as legal tender.

      Bitcoin Adoption in El Salvador Not Progressing

      Last year, the Central American state made the headlines when it became the first to embrace bitcoin as an official payment method inside its borders. Despite the enthusiasm surrounding the news, the initiative did not receive a warm welcome from all El Salvadorans. Some even took to the streets, protesting against the government’s decision.

      The recent study conducted by the NBER revealed that most locals remain rather negative towards the bitcoin adoption. The research stated that 68% of the country’s residents are aware of the existence of Chivo Wallet, but only 40% have downloaded it. Moreover, almost all downloads occurred in September last year (shortly after El Salvador officially recognized the primary cryptocurrency as legal tender).

      The NBER further estimated that 75% of the respondents with Chivo Wallet accounts would not have downloaded it without the $30 worth of BTC, which every citizen receives when signing up.

      “While most respondents spent their $30 bonus, less than half of those who downloaded Chivo Wallet continued to use it after spending the bonus – 20% of all respondents. Furthermore, most users who used Chivo after spending the $30 bonus do not engage with the app intensively,” the organization claimed.

      Subsequently, the NBER argued that adopting bitcoin as legal tender might have had some positive impact on El Salvador, but the digital asset remains largely not embraced by the locals:

      “Overall, despite the legal tender status of bitcoin and the large incentives implemented by the government, the cryptocurrency is largely not an accepted medium of exchange in El Salvador.”

      Bitcoin’s Benefits to El Salvador

      Even though a huge chunk of the locals has still not embraced the asset, it is worth mentioning that BTC has provided certain benefits to the nation.

      For one, shortly after the decision to accept it as legal tender, the global Google searches with the name of the small Central American country surged to a new yearly high.

      Apart from showing virtual interest in the nation, people started visiting it more than before. Earlier this year, El Salvador’s Minister of Tourism – Morena Valdez – noted that the inflow of tourists had increased by more than 30% since the adoption of BTC.

      SPECIAL OFFER (Sponsored)

      Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

      PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.



      Source link

      ShareTweetShare
      Cryptotraveller1

      Cryptotraveller1

      Next Post

      Top Destinations for Tax Free Crypto Gains

      Leave a Reply Cancel reply

      Your email address will not be published. Required fields are marked *

      No Result
      View All Result

      Recent Posts

      • What Is Shiba Inu Coin Cryptocurrency?
      • This Week’s Top Bitcoin and Crypto News: NFT of Jack Dorsey’s Tweet Flops at Auction
      • NFT 2022 crash: Prospects for the industry dim
      • Ugreen 200W Nexode review: almost the end-game of USB-C chargers
      • How To Create A Smart Contract | Ethereum Smart Contracts Explained | Blockchain | Simplilearn

      Recent Comments

      • BlockStar on Will Cryptocurrency Regulation Affect Crypto Prices? | Cryptocurrency
      • full stack data scientist course in malaysia on BlockChain Introduction | BlockChain Technology Online Training Demo | BlockChain Training
      • Migrant Visa on More than 450 airlines can now use IBM’s Digital Health Pass — Quartz
      • emilia stone on Amazon plans to shut down more than 50 brick-and-mortar stores.
      • sophia Abigail on How UAE is fast becoming an ideal hotspot for blockchain startups
      Crypto Travel Magazine

      Crypto Travel Magazine is the most trusted platform for news, crypto, travel and magazine.

      Categories

      • Boat Parties
      • Crypto Cruises
      • Crypto Destinations
      • Crypto Tourism
      • Crypto Travel Podcasts
      • Crypto Travel Tech News
      • Crypto Travel Videos
      • Cryptocurrency Hodlers
      • Digital Travel Gadgets
      • Uncategorized

      Tags

      Cryptocurrency Cryptocurrency Travel Money Transfer

      Recent News

      The Metaverse and Crypto | The Motley Fool

      What Is Shiba Inu Coin Cryptocurrency?

      May 18, 2022
      This Week’s Top Bitcoin and Crypto News: NFT of Jack Dorsey’s Tweet Flops at Auction

      This Week’s Top Bitcoin and Crypto News: NFT of Jack Dorsey’s Tweet Flops at Auction

      May 18, 2022

      © 2022 Crypto Travel Magazine – The platform for Crypto and Travel news globally.

      No Result
      View All Result
      • Home
      • Crypto Tourism
        • Crypto Cruises
        • Boat Parties
        • Crypto Travel Videos
        • Crypto Destinations
        • Crypto Travel Podcasts
        • Digital Travel Gadgets
      • Crypto Travel Tech News
      • Cryptocurrency Hodlers
      • Shop

      © 2022 Crypto Travel Magazine – The platform for Crypto and Travel news globally.

      Welcome Back!

      Login to your account below

      Forgotten Password?

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      DON’T MISS OUT!
      Subscribe To Newsletter
      Be the first to get latest updates and exclusive content straight to your email inbox.
      Stay Updated
      Give it a try, you can unsubscribe anytime.
      close-link