The beach town of El Zonte on El Salvador's Pacific coast is a laid back surfer's haven with white beaches, palm trees, and a small population of 3,000 people.
The beach town of El Zonte on El Salvador’s Pacific coast is a laid-back surfer’s haven, with white beaches, palm trees and a small population of 3,000 people.
The low-income community has no banks and only one cash machine, but a trailblazing local economy based in large part on bitcoin. Signs line the roadside urging people to “pay here” with the cryptocurrency for anything from utilities bills to a can of soda.
The town boasts a bitcoin teller machine, the country’s only one, where people deposit cash US dollars El Salvador’s official currency into a personal bitcoin “wallet.”
They then use
Surf and bitcoin, El Salvador beach town rides crypto wave borneobulletin.com.bn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from borneobulletin.com.bn Daily Mail and Mail on Sunday newspapers.
El Zonte, spot de surf devenu épicentre du Bitcoin au Salvador capital.fr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from capital.fr Daily Mail and Mail on Sunday newspapers.