On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
Bitcoin is becoming legal tender in El Salvador in three days. However, a nationwide survey conducted by the University Institute of Public Opinion (Iudop) shows that seven out of 10 Salvadorans want the government to repeal the Bitcoin Law.
El Salvador’s Bitcoin Law Goes Into Effect in 3 Days
The University Institute of Public Opinion (Iudop) in El Salvador conducted a study between Aug. 13 and Aug. 20 of how the public views the country’s upcoming Bitcoin Law. The institute is a research center of the José Simeón Cañas Central American University (UCA). El Salvador’s Bitcoin Law is set to go into effect on Sept. 7, when BTC will be legal tender in the country alongside the U.S. dollar.
A total of 1,281 respondents ages 18 and over participated in this national survey that “represents the entire adult population residing in the country,” according to the institute.
Out of all the respondents, 62.4% said they were aware of the approval of the Bitcoin Law by the deputies of the current Legislative Assembly on June 9. Within this group, 70% indicated that they either disagreed or strongly disagreed with the government on the Bitcoin Law while 30% agreed or strongly agreed.
Meanwhile, the data show that about 70% of Salvadorans have an imprecise notion of what bitcoin is and 20.6% did not know what bitcoin was at all. “Only 4.8% define it correctly as a cryptocurrency,” the study details, adding:
Approximately 7 out of 10 Salvadorans believe that the deputies of the Legislative Assembly must repeal the Bitcoin Law.
Regarding the potential impact of the Bitcoin Law on El Salvador’s economy, a third of the population believes that prices of goods and services will increase and the overall economic situation will get worse with the use of bitcoin as a legal currency.
Furthermore, about eight out of 10 Salvadorans said that they have little or no interest in downloading and using the government’s bitcoin wallet, Chivo.
The study concludes:
The UCA survey reveals that there is widespread ignorance about bitcoin among the Salvadoran population. According to this opinion study, most of the Salvadoran population have a misguided notion about what bitcoin is.
Do you think people who are currently skeptical about bitcoin being legal tender will change their minds once the Bitcoin Law goes into effect? Let us know in the comments section below.
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