Bitcoin Beach Town in El Salvador Bustles With Growth After BTC Becomes Legal...
Ever since El Salvador passed a bill that was approved by a supermajority in the Salvadoran Congress legalizing bitcoin as legal tender in the nation, the country has remained in the spotlight. Furthermore, there’s an area in El Salvador called “Bitcoin Beach” with a small group of beach villagers that are attempting to leverage bitcoin on a daily basis. El Zonte Beach Town and Surfer Village Attempts to Create a Bitcoin Circular Economy in El Salvador In a region located about 50 miles from the Litoral highway, there’s a small village and a lively surfer community....
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So, Bitcoin is legal tender in El Salvador. How did the experiment start? With fire and chaos. You could say that the implementation wasn’t the smoothest, but it’s advancing and people are learning. The narrative shifted from the remote beach town of El Zonte to the busy streets of San Salvador, but there’s action everywhere. […]
It’s all about El Zonte. A beach town that took part in an economic experiment, became Bitcoin Beach and changed its country. Also, if everything goes right, it will change the world. For the best. As Bitcoinist reported, “People all over the world are searching for information on real state and citizenship in El Salvador.“ […]
Leaders from Bitcoin Beach, the community in El Salvador, discussed their work and the recent legal tender law.
As it turns out, the “60 Minutes” report on Bitcoin Beach that we recently covered had a hidden segment. The title is “The tech behind the Bitcoin Beach Wallet,” and the “60 Minutes” website describes it as “A small town in El Salvador is fostering a Bitcoin economy, in part, because the technology meets local […]
On day three of El Salvador’s financial inclusion and funding for SMEs conference, Bitcoin has stolen the show. The orange pilling adventure in El Salvador continues. In a video that beggars belief, 44 central bankers and financial delegates from emerging markets around the world shout “Bitcoin!” while posing for a photo in El Zonte, El Salvador:And all the Central Bankers screamed…. pic.twitter.com/MxdOrYD3lc— Bitcoin Beach (@Bitcoinbeach) May 20, 2022 It seems that by day three of El Salvador’s financial inclusion conference, the central bankers are warming to Satoshi Nakamoto’s....