waxwing on Nostr: Reading today's paper (diario El Salvador, which is a pro-government paper, though I ...

Reading today's paper (diario El Salvador, which is a pro-government paper, though I doubt that's relevant here), I found an interesting article covering a recent census monitoring remittances into the country. They say that in 2024 26.8% of households receive remittances. And that it's a 8% or so increase since 2007 (it would be weird if that was the last time they had such a survey, but, not sure). Unsurprisingly the US is the source of more than 90%. And near the end they quote the statistic of 1% through "crypto wallets", even less than the only 4% through cash (presumably meaning the personal physically brings it). What isn't entirely clear is whether a transfer via the Chivo "cajeras" (ATMs) in the country, which I have heard is a popular method for some in the US, because they can send to a Chivo wallet or even use a Chivo ATM in ES embassies apparently (some complex little details there, that were explained to me, but I forget), would be counted under "billeteras digitales de criptomonedas" or not, or perhaps even as "efectivo" since that's what you'd receive from the ATM. Tbh 1% sounds kinda low, especially when you consider that "empresas de remesadoras" (which is western union and the like) charge significantly higher fees, and apparently account for 57%.

Here should be a digital link to what I just read: https://diarioelsalvador.com/el-26-8-de-los-hogares-salvadorenos-reciben-remesas-segun-censo-2024/619840/

#elsalvador