El Salvador Crypto Remittances Surge 39.1%, But Mainstream Adoption Lags

El Salvador's central bank has released remittance data showing that crypto-based transfers made up 0.7% of total family remittances entering the country, a significant increase from last year.

This represents a 39.1% year-over-year growth rate, indicating ongoing activity and adoption in the crypto space.

However, it's essential to note that this share is still relatively small compared to traditional money-transfer channels, which continue to dominate the market.