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At El Salvador s Bitcoin Beach, a glimpse of crypto economy – Finance & Commerce

Some 500 fishing and farming families in a rural fishing village on the Pacific coast use bitcoin to buy groceries and pay utilities, something the government

At El Salvador s Bitcoin Beach, a glimpse of crypto economy | iNFOnews | Thompson-Okanagan s News Source

EL ZONTE, El Salvador (AP) After El Salvador’s congress made the bitcoin legal tender this week, eyes turned to this rural fishing village on the Pacific coast. Known to surfers for its pounding waves, El Zonte has had the cryptocurrency in its economy for the past year.

Bitcoin Beach: In El Salvador, a glimpse of a cryptocurrency economy

After El Salvador’s congress made the bitcoin legal tender this week, eyes turned to El Zonte, a rural fishing village that has a crypto economy.

In a small rural village, fishing and farming families use bitcoin to buy groceries

In a small rural village, fishing and farming families use bitcoin to buy groceries
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In El Salvador, one rural community offers glimpse at crypto economy

El Zonte, a fishing village on El Salvador’s coast, has been using cryptocurrency for the past year. Supporters of the currency point to the village as a demonstration of how bitcoin could help the country where 70% of people do not have bank accounts.

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