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.
Le Loco Abreu s arrête, avec un record fou de 31 clubs
france24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from france24.com Daily Mail and Mail on Sunday newspapers.
Cash or Bitcoin? El Salvador s small business owners speak · Global Voices
globalvoices.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalvoices.org Daily Mail and Mail on Sunday newspapers.