El Salvadors Crypto Remittance Dream Still a Distant Reality As Volume Remains Marginal: Latest Data

The Reserve Central Bank reports

The Reserve Central Bank reports that despite El Salvador’s adoption of Bitcoin as legal tender, crypto remittances remain minimal, accounting for only 1% of total volume transferred to the country from abroad during the first eight months of this year. While there was a 2.5% growth in crypto remittances compared to the same period last year, it still falls short of expectations.

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