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Remittances to El Salvador with cryptocurrencies continue without taking off

El Salvador received US$7.742 billion in family remittances in 2022, a result that reflects a year-on-year growth of 3.2% compared to what was received in 2021, reported the Central Reserve Bank (BCR).

When the country was about to adopt bitcoin (XBT) as legal tender, in September 2021, President Nayib Bukele said in a tweet that the population pays US$400 million a year in commissions for remittances, for which he expected that with . . .

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