Most of the Salvadorians disagreed with the government’s decision to make bitcoin a legal tender. Many are unaware of how to use digital currencies and have no trust in the project. A poll conducted by Central American University showed this on Thursday.
At least 67.9% from 12 81 people on which the survey took place said that they strongly disagree with the use of bitcoin as the legal tender. This came to the surface with a poll by UCA, a Jesuit University of El Salvador. Over 32% of people said that they agree on the same level.
The study came out two days before the government is about to formalize cryptos as a legal tender in El Salvador. President Nayib Bukele announced this plan before.
This poll carried out by UCA in August shows that 9 out of 10 people are not at all having a clear understanding of bitcoin. 8 out of 10 said that they have either little or no confidence in using it. 7 out of 10 through lawmakers must repeal the law, which is making it a legal tender.
“What we can see in this survey, in addition to this broad rejection of the implementation of bitcoin as legal tender, is that for the first time we found a significant disagreement between the population and decisions being made by the Legislative Assembly and the president,” said UCA dean Andreu Oliva.
The government did not immediately make any response to a request to comment on this poll. The government has presented the measure in a way to boost jobs and the economic development in the country by making it less reliant on dollars which is the current legal tender. Most Salvadorans think that the main beneficiary will be foreign investors, the wealthy, business leaders, and the government.
“There is a lot of concern about the possible negative effects of using bitcoin,” said Oliva.