Bitcoin News
By Dan Saada
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Bitcoin (BTC) Used in Bitcoin Beach Project
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An interesting say about Bitcoin is that it has been in the making for nearly 50 years. Bitcoin (BTC), an enthusiast states, was born out of the last financial crisis, and…
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El Salvador is known as the Bitcoin Beach as Bitcoin Payments are a standard here.
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For those who think the Bitcoin is for only the mighty with discretionary income, here is how it works for local businesses selling, accepting Bitcoin transfers.
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Bitcoin Beach tweeted: “.5 BTC distributed today. More than 5 Bitcoin have been distributed in last month.
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Sydney Ifergan, the crypto expert, tweeted, "It is good to see Bitcoin (BTC) changing the lives of the unbanked in El Salvador.
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It is interesting because the local economy in the Bitcoin Beach project in the village of El Zonte Beach leverage the Lightning Network to use Bitcoin for their everyday lives.
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The Bitcoin Beach project was started in 2019.
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Michael Peterson, Bitcoin Beach founder, explained: "Our project has set out to slowly grow a Bitcoin ecosystem in El Salvador in a way that truly improves lives.
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Phase 1 of the project started off by incorporating BTC into the local community. This started off by the donation of an anonymous Bitcoin adopter who wanted to prove the…
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