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Six of 10 Salvadorans Quit Using the Chivo Wallet After Getting the Bitcoin Incentive, Study Finds

“Most users who used Chivo after spending the $30 bonus do not engage with the app intensively,” the U.S. National Bureau of Economic Research reported.

Updated May 11, 2023, 4:21 p.m. Published Apr 27, 2022, 6:11 a.m.
A Chivo ATM in San Salvador (Camilo Freedman/Getty Images)
A Chivo ATM in San Salvador (Camilo Freedman/Getty Images)