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Hard Numbers: Salvadorans snub crypto, Chinese heart QR codes, Nigerians go cashless, Europeans shop online

October 28, 2022

Carlos Santamaria

A woman holds a black cross with a sign against Bitcon during a protest against President Bukele's government in El Salvador.

Reuters

2: El Salvador's crypto bro President Nayib Bukele has gone all in on Bitcoin, but his citizens are not yet sold on crypto for remittances, a lifeline for the economy. So far this year, only 2% of the money from Salvadorans working abroad was sent to their families using digital currencies.

3.5 trillion: The value of digital payments in China will reach a whopping $3.5 trillion by the end of the year, almost double the figure in the US. China is fast becoming a mobile-first economy, in part because sellers are allowed to make their own QR codes without purchasing fancy tech.

29 billion: Move over, Canada — Nigeria (!) now wants to become the world's first 100% cashless economy by embracing the eNaira. A year after launching the digital currency, the government says that full use of it will increase GDP by $29 billion over the next decade.

67: Two-thirds (67%) of the EU's adult population purchased stuff over the internet in 2021, according to a new survey. The highest adoption of online e-commerce was reported in the Netherlands and the lowest in Bulgaria.

GZEROMEDIA

Can the IMF change to help more women?

Matthew Kendrick

When a country hits rock bottom financially, the International Monetary Fund is meant to step in with funds to stabilize the economy without damaging its society — or the gender gap. But studies show that these programs often push women out of work at a disproportionate rate to men as the economy contracts. Matthew Kendrick reports from the World Bank-IMF Annual Meetings on a push to build more equitable programs.

North Korean troops move into Russia’s border area with Ukraine

Russia's President Vladimir Putin and North Korea's leader Kim Jong Un attend a farewell ceremony before Putin's departure at an airport in Pyongyang, North Korea June 19, 2024.

Gavriil Grigorov/Reuters

Kyiv says that roughly 12,000 North Korean troops are in Russia, a far greater number than reported by the US, though it remains unclear precisely how many have entered what Ukraine referred to as the “combat zone.”

GZEROMEDIA

Will Japan’s LDP lose its grip on power?

October 23, 2024, Kamagaya, Japan - Japanese Prime Minister and leader of the ruling Liberal Democratic Party (LDP) Shigeru Ishiba reacts to his supporters after he delivered a campaign speech for his party candidate Hisashi Matsumoto for the general election at Kamagaya in Chiba prefecture, suburban Tokyo on Wednesday, October 23, 2024.

(photo by Yoshio Tsunoda/AFLO)

As Japan heads to the polls this Sunday, Prime Minister Shigeru Ishiba’s decision to call an early election just weeks after taking office is turning out to be a high-stakes gamble.

Global economy at risk if Middle East conflict expands, says World Bank's Ayhan Kose

- YouTube

youtu.be

While the global economy shows signs of growth and decreasing inflation, the near future involves risks, including the escalation in the Middle East impacting oil prices, strained China-US relations, and an increasingly challenging tariff and trade environment, said Ayhan Kose, World Bank Deputy Chief Economist. He discussed the geopolitical tensions influencing the global economy with GZERO's Tony Maciulis at the IMF and World Bank Annual Meetings in Washington, DC, in a GZERO Global Stage interview.

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Hard Numbers: Salvadorans snub crypto, Chinese heart QR codes, Nigerians go cashless, Europeans shop online

GZEROMEDIA

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More from GZERO Media

This week World Bank announced a bold initiative to bridge the gender divide by creating more economic opportunity, broadening female leadership, and reducing gender-based violence in the next 5 years as 2030 approaches.

There are times when we need more context, and there are times when we do not. How do we tell the difference?

Kyiv says that roughly 12,000 North Korean troops are in Russia, a far greater number than reported by the US, though it remains unclear precisely how many have entered what Ukraine referred to as the “combat zone.”

GZEROMEDIA

Subscribe to GZERO Media's newsletter: Signal

Georgian Dream insists the country is still on track to join the EU, as critics accuse the party of pushing Georgia in an increasingly anti-Western, authoritarian direction.

In 2001, a Goldman Sachs economist coined an acronym for the four largest and most promising “emerging market” economies: Brazil, Russia, India, and China became known as the “BRIC” countries.

With the latest polls still showing Donald Trump and Kamala Harris neck and neck in the swing states, both candidates are heading to Texas, a far less competitive state, with hopes of reaching key voter groups nationwide.

As Japan heads to the polls this Sunday, Prime Minister Shigeru Ishiba’s decision to call an early election just weeks after taking office is turning out to be a high-stakes gamble.