According to ChainCatcher, according to the latest household remittance statistics report from the Central Reserve Bank of El Salvador, Salvadorans still prefer to use the US dollar as the basis for sending and receiving remittances. The report found that only 1.1% of all remittances sent to El Salvador included cryptocurrencies, indicating that most use other methods.

The report confirms that the amount of cryptocurrency remittances has been declining since 2022, when Salvadorans received $84.8 million in digital currencies. In 2023, it dropped to $59.5 million, and now in 2024 it has reached only $57.4 million.

The Salvadoran government is reportedly committed to incentivizing the use of cryptocurrencies for payments and remittances, even funding the national crypto wallet Chivo and providing airdrops for citizens to familiarize themselves with Bitcoin.