A recent survey in El Salvador revealed that only 7.5% of the population uses Bitcoin for transactions, but despite this, the adoption of the cryptocurrency continues to grow. Despite the country’s history of failed currency regimes, Bitcoin has been embraced by a significant number of Salvadorans, who are using it for their daily transactions.
The survey results highlight the fact that it is a slow process to gain public trust in a new technology, and that it will take time for Bitcoin to become a widely accepted medium of exchange. While some Bitcoiners may be hoping for a sudden surge in adoption, the reality is that it will take a lot of work and time to gain the trust of the general public and for Bitcoin to become a mainstream payment method.
