{"id":71941,"date":"2026-05-02T10:45:22","date_gmt":"2026-05-02T10:45:22","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/el-salvador-crypto-remittances-reach-17-38m\/"},"modified":"2026-05-02T10:45:22","modified_gmt":"2026-05-02T10:45:22","slug":"el-salvador-crypto-remittances-reach-17-38m","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/el-salvador-crypto-remittances-reach-17-38m\/","title":{"rendered":"El Salvador Crypto Remittances Reach $17.38M"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p data-path-to-node=\"0\"><strong>Key Takeaways:<\/strong><\/p>\n<ul>\n<li data-path-to-node=\"1,0,0\">El Salvador\u2019s Central Bank reported Q1 <span>crypto<\/span> remittances hit $17.38M, a $5.77M rise from 2025.<\/li>\n<li data-path-to-node=\"1,1,0\">Despite Bukele\u2019s hopes to disrupt remittance giants, <span>crypto<\/span> comprises just 0.71% of the $2.43B total.<\/li>\n<li data-path-to-node=\"1,2,0\">Future growth may stall as El Salvador sunsets the Chivo wallet to honor a 2025 IMF credit pact.<\/li>\n<\/ul>\n<h2>El Salvador Registers Rise Of 49.7% In <span>Crypto<\/span> Remittances<\/h2>\n<p>El Salvador, the so-called Latam\u2019s <span>bitcoin<\/span> country, registered an advance in the use of digital assets for remittances.<\/p>\n<p>According to official <a href=\"https:\/\/www.elsalvador.com\/dinero-y-negocios\/entorno-economico\/remesas-criptomonedas-crecen-el-salvador\/1271995\/2026\/\" target=\"_blank\" rel=\"noopener noreferrer\">data<\/a> published by El Salvador\u2019s Central Bank, the <span>volume<\/span> of <span>cryptocurrency<\/span> remittances rose to $17.38 million in Q1, up $5.77 million from the total registered during Q1 2025.<\/p>\n<p><\/p>\n<p>The rise comes as family remittance volumes <a href=\"https:\/\/www.elsalvador.com\/dinero-y-negocios\/entorno-economico\/remesas-el-salvador\/1271804\/2026\/\" target=\"_blank\" rel=\"noopener noreferrer\">reached<\/a> $910.81 million in March, with Q1 total volumes sitting at $2.43 billion, growing 7.3% year-over-year, even as the world faces geopolitical challenges. The U.S. is the main source of these funds, accounting for over 90% of the total received by Salvadorans.<\/p>\n<p>Nonetheless, even with this rise, <span>cryptocurrency<\/span> remittances reach only 0.71% of the total volumes, underscoring the low penetration of digital assets in a sector dominated by traditional giants that still charge significant fees for their services.<\/p>\n<p>The sluggish performance of the <span>crypto<\/span> sector in the remittance industry might have been influenced by the public sector\u2019s abandonment of <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> after the current administration inked a credit agreement with the International Monetary Fund in 2025.<\/p>\n<p>As a result, the government also agreed to sunset the Chivo wallet, a national <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">cryptocurrency<\/a> wallet which had been promoted as the weapon of choice for remittances and savings.<\/p>\n<p>President Nayib Bukele pushed remittances as one of the key use cases for <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> adoption in 2021, but Salvadorans have been slow to adopt them. At that time, Bukele stated that industry giants like Western Union and Moneygram could lose up to $400 million in annual commissions if Salvadorans adopted <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> for remittances on a large scale.<\/p>\n<p>Remittances to El Salvador are the nation\u2019s main source of external income, reaching nearly 25% of its gross domestic product (GDP), surpassing tourism and foreign investment.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/el-salvador-crypto-remittances-reach-17-38m\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways: El Salvador\u2019s Central Bank reported Q1 crypto remittances hit $17.38M, a $5.77M rise from 2025. Despite Bukele\u2019s hopes to disrupt remittance giants, crypto comprises just 0.71% of the $2.43B total. Future growth may stall as El Salvador sunsets the Chivo wallet to honor a 2025 IMF [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":71942,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/71941"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=71941"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/71941\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/71942"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=71941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=71941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=71941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}