The post Crypto Remittances to El Salvador Drop 45%  appeared on BitcoinEthereumNews.com.

The post Crypto Remittances to El Salvador Drop 45%  appeared first on Coinpedia Fintech News El Salvador is facing a major setback in its crypto experiment as crypto remittances have dropped by 45%, raising serious concerns about the country’s economic stability. The decline, triggered by recent Bitcoin volatility, could severely affect Salvadorans who rely on remittances as a primary source of income. El Salvador Sees Sharp Decline in Crypto Remittances According to official data, crypto remittances to El Salvador dropped by 44.5% in Q1 2025, compared to the same period in 2024. This marks the first significant drop since the country adopted Bitcoin as legal tender in 2021. Back in Q4 2021, crypto remittances peaked at $57 million through the Chivo Wallet. However, the number has now halved, with crypto inflows down to just $16 million so far in 2025. In 2024, the total was $28.83 million, averaging around $7 million per quarter through roughly 27,000 transactions. Crypto transfers now account for a mere 0.52% of the country’s $3 billion in total remittance inflows—a steep decline from previous years. Why Are Crypto Remittances Dropping in El Salvador? The plunge is largely attributed to Bitcoin’s price volatility. Between January and May 2025, BTC fluctuated between $93,907 and $108,949, creating uncertainty and risk aversion among Salvadorans. Additionally, ongoing regulatory challenges and inconsistent market sentiment have contributed to the decline in crypto adoption for remittance purposes. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read :   EU Crypto Rules Spark Backlash Over Fast-Track Licenses   , Why El Salvador Backed Crypto Remittances in the First Place…

---

Filed under: News - @ June 14, 2025 11:27 am