Sign in

A Village in El Salvador Created a Bitcoin-Friendly Economy Amid COVID-19

cointelegraph.com

In response, the community implemented an economic system based in Bitcoin (BTC). Residents started to adopt Bitcoin as a local alternative to conventional financial solutions after their tourism sector was decimated by the pandemic.

Michael Peterson, who worked with the anonymous donor to distribute the funds, commented on the initiative: “As we injected Bitcoin into the community, we also taught local businesses how to accept it and helped to educate them on the advantages and drawbacks of accepting Bitcoin. In February, Cointelegraph Spanish reported that Bitcoin Beach and Athena Bitcoin installed the first BTC ATM in the village.

Read in Full: cointelegraph.com
Bitcoin BTC
$ 70630.3

Timeline of Bitcoin

Claim Your 100 USDT Reward
Earn a limited-time reward by registering and starting your crypto journey now! Claim Reward!
Bitcoin Bitcoin
70657.9000 2.29%
Ethereum Ethereum
3557.77000 1.19%
BNB BNB
580.336000 1.26%
Solana Solana
186.969000 1.23%
XRP XRP
0.62481700 1.85%