Statistics: Bitcoin remittances to El Salvador have quadrupled compared to the same period last year.

According to Reuters, data from the US cryptocurrency research institute Chainalysis reported that in May, small bitcoin deposits under $ 1,000 amounted to $ 1.7 million in El Saldova, compared to $ 424,000 in the same period last year. However, it remains relatively low compared to US dollar remittances. According to World Bank data, total remittances to El Salvador in 2019 will be around $ 6 billion, or about one-fifth of GDP per capita, the highest price in the world. The World Bank also found in its latest report that shipments to El Salvador increased 95% year-on-year in the first quarter of 2021. Salvadorans work in the United States.