According to the report, “Chivo is not being widely used to receive remittances from abroad”. Its figures align with recent reports from the Salvadoran Central Bank, according to which 1.6% of remittances were received by digital wallets in February, the study said. “In the first quarter of 2022, we find almost no new adopters and the share of remittances in bitcoin is at its lowest point since Chivo Wallet’s launch,” it added.
Policymakers Are Back at Consensus 2024
Consensus, CoinDesk's annual conference, kicks off next Wednesday in Austin, Texas. We'll have a number of policymakers and industry participants...