1 thought on “What is the village that rely on Bitcoin as a payment method?”
Clyde
On the Salvador Coast, there is a small rural beach town consisting of 3,000 locals, known as EL ZONTE. This is also a paradise for surfers. This village is often patronized by those who seek a real and rustic atmosphere. , like many American beach towns, Salvador's family has also been severely damaged by COVID-19. When other tourist hotspots are struggling due to the closure of the border, the people of El Zonte have taken their own way, and this is due to its new Bitcoin economy.
In early 2019, an anonymous donor who had a soft spot for EL ZONTE discovered a forgotten drive with Bitcoin. He first purchased the asset at a price of 5-10 cents and put it on hold for several years. After realizing the value of his assets now, the donor spent a few days trying to unlock his wallet. In many attempts, the donor can finally remember his password and retrieve the funds. He firmly believes that the use of blockchain technology to enhance the tolerance of people without bank accounts, so he decided to seize his luck and make good use of these funds by giving EL ZONTE to six -digit donations for many years. In after meeting with several charities in the area, all donors want to take out funds and convert them into fiat currencies to meet the urgent needs of the community. Donor and local person Michael Peterson (Michael Peterson) Formed a partner, Michael Peterson spent 9 months a year as volunteer in El Zonte. Michael has the opportunity to manage Bitcoin under one condition, and he will not fulfill it. The beneficiaries of digital currency must learn how to use Bitcoin itself. Because of this, the Bitcoin economy is created, which is the birth of the Bitcoin Beach plan.
Bitcoin beach target is to create a sustainable Bitcoin ecosystem. Most residents in the area have no bank accounts. Local companies believe that they do not meet the requirements of using credit cards. Michael Peterson proposed a proposal on the Bitcoin cycle economy, which considers remittances, tourism, public services and small enterprise services. Parallel with El Zonte, Bitcoin was also brought into another beach community Punta Mango, which was brought into a 3 -hour journey. The goal is to increase the use of bitcoin in different communities and gradually fill gaps. The general criticism of Bitcoin is the high charging and slow processing speed of the Internet. For example, when buying a cup of coffee, using Bitcoin may be unrealistic, and the Bitcoin Beach proposes to face this challenge. "Initially, for 25 cents transactions, this is meaningless, but it is meaningful for the $ 5 transaction. , "Said Michael Peter, founder of Bitcoin Beach. The lightning network is the second -level payment agreement running on the Bitcoin network, which can achieve instant and affordable transactions. The organization chose the Australian Satoshi wallet as its wallet because it is suitable for both chain transactions and linked transactions.
"When we injected Bitcoin into the community, we also taught local companies how to accept Bitcoin and help them receive the advantages and disadvantages of Bitcoin. It is technical, so we chose to enter the youth market and they immediately learned it. The key is to let them start the transaction immediately, and then they want to learn more about it and know how it is safe and how it works. "Michael Peterson said. When COVID-19 strikes, the community becomes more open to understand the necessity of bitcoin. In order to maintain a link with society, a Facebook group has been established to provide a "operation method" video to further carry out education. Jorge is a locals who closely cooperate with Michael to promote the Bitcoin economy. Jorge has focused on local youth charity plans for many years and supervised all training funded by the plan and cash transfer during COVID-19. "I am glad to see young people excited and dream of their future in Salvador, and can still see the way forward, instead of thinking that they need to go to the United States, they can work, help family, and go to college. Bitcoin help help. I understand the real money and provide resources that affect the lives of my surroundings, "Jorge said. The local volunteer initiated by the plan is the Roman Centeno. After living in Italy for a few years, he returned to his hometown and found his own community with Bitcoin. "What is surprising is what happened to EL ZONTE, we are preparing for future children. They are now accustomed to checking money on their mobile phones, and they are happy to save money. This financial education is important. We have never got this opportunity, and the opportunities that children have now are incredible, which makes them believe that Salvador has a future. They do not have to leave to go elsewhere to succeed. Our children have begun to have dreams. And they have dreams. There are also time to accompany the children, swimming and play, Bitcoin has given them freedom. "
Bitcoin may disrupt the remittance industry of Salvador, it is estimated that about 5 billion US dollars each year. In towns like EL ZONTE, most families do not have a bank account. They can only rely on services such as (Western Union remittance), but it is necessary to charge 5-10 %. The recent remittance of West Union takes about 1 hour by bus, which requires the receiver who requires cash transfer to bring the cash on hand back to the bus. Beach is testing a new product called Strike. This application can also run on the Lightning Network and can be connected to the recipient's Bitcoin wallet and the sender's bank account, so as to make from the United States to the United States to Salvador's transactions are faster and economical. El ZONTE has recently received the first bitcoin ATM supported by Athena Bitcoin enthusiasts. It is worth noting that the town still has no conventional automatic withdrawal machine. So far, the project has not been intervened by the regulatory agency, but the founder hopes to cooperate with the authorities to help and promote the clarity of the regulations. The original text comes from the Forbes English version, which is deleted. It is compiled by the LABS team. The English copyright belongs to the original author.
On the Salvador Coast, there is a small rural beach town consisting of 3,000 locals, known as EL ZONTE. This is also a paradise for surfers. This village is often patronized by those who seek a real and rustic atmosphere.
, like many American beach towns, Salvador's family has also been severely damaged by COVID-19. When other tourist hotspots are struggling due to the closure of the border, the people of El Zonte have taken their own way, and this is due to its new Bitcoin economy.
In early 2019, an anonymous donor who had a soft spot for EL ZONTE discovered a forgotten drive with Bitcoin. He first purchased the asset at a price of 5-10 cents and put it on hold for several years. After realizing the value of his assets now, the donor spent a few days trying to unlock his wallet.
In many attempts, the donor can finally remember his password and retrieve the funds. He firmly believes that the use of blockchain technology to enhance the tolerance of people without bank accounts, so he decided to seize his luck and make good use of these funds by giving EL ZONTE to six -digit donations for many years.
In after meeting with several charities in the area, all donors want to take out funds and convert them into fiat currencies to meet the urgent needs of the community. Donor and local person Michael Peterson (Michael Peterson) Formed a partner, Michael Peterson spent 9 months a year as volunteer in El Zonte.
Michael has the opportunity to manage Bitcoin under one condition, and he will not fulfill it. The beneficiaries of digital currency must learn how to use Bitcoin itself. Because of this, the Bitcoin economy is created, which is the birth of the Bitcoin Beach plan.
Bitcoin beach target is to create a sustainable Bitcoin ecosystem. Most residents in the area have no bank accounts. Local companies believe that they do not meet the requirements of using credit cards.
Michael Peterson proposed a proposal on the Bitcoin cycle economy, which considers remittances, tourism, public services and small enterprise services. Parallel with El Zonte, Bitcoin was also brought into another beach community Punta Mango, which was brought into a 3 -hour journey. The goal is to increase the use of bitcoin in different communities and gradually fill gaps.
The general criticism of Bitcoin is the high charging and slow processing speed of the Internet. For example, when buying a cup of coffee, using Bitcoin may be unrealistic, and the Bitcoin Beach proposes to face this challenge.
"Initially, for 25 cents transactions, this is meaningless, but it is meaningful for the $ 5 transaction. , "Said Michael Peter, founder of Bitcoin Beach.
The lightning network is the second -level payment agreement running on the Bitcoin network, which can achieve instant and affordable transactions. The organization chose the Australian Satoshi wallet as its wallet because it is suitable for both chain transactions and linked transactions.
"When we injected Bitcoin into the community, we also taught local companies how to accept Bitcoin and help them receive the advantages and disadvantages of Bitcoin. It is technical, so we chose to enter the youth market and they immediately learned it. The key is to let them start the transaction immediately, and then they want to learn more about it and know how it is safe and how it works. "Michael Peterson said.
When COVID-19 strikes, the community becomes more open to understand the necessity of bitcoin. In order to maintain a link with society, a Facebook group has been established to provide a "operation method" video to further carry out education.
Jorge is a locals who closely cooperate with Michael to promote the Bitcoin economy. Jorge has focused on local youth charity plans for many years and supervised all training funded by the plan and cash transfer during COVID-19.
"I am glad to see young people excited and dream of their future in Salvador, and can still see the way forward, instead of thinking that they need to go to the United States, they can work, help family, and go to college. Bitcoin help help. I understand the real money and provide resources that affect the lives of my surroundings, "Jorge said.
The local volunteer initiated by the plan is the Roman Centeno. After living in Italy for a few years, he returned to his hometown and found his own community with Bitcoin.
"What is surprising is what happened to EL ZONTE, we are preparing for future children. They are now accustomed to checking money on their mobile phones, and they are happy to save money. This financial education is important. We have never got this opportunity, and the opportunities that children have now are incredible, which makes them believe that Salvador has a future. They do not have to leave to go elsewhere to succeed. Our children have begun to have dreams. And they have dreams. There are also time to accompany the children, swimming and play, Bitcoin has given them freedom. "
Bitcoin may disrupt the remittance industry of Salvador, it is estimated that about 5 billion US dollars each year. In towns like EL ZONTE, most families do not have a bank account. They can only rely on services such as (Western Union remittance), but it is necessary to charge 5-10 %. The recent remittance of West Union takes about 1 hour by bus, which requires the receiver who requires cash transfer to bring the cash on hand back to the bus.
Beach is testing a new product called Strike. This application can also run on the Lightning Network and can be connected to the recipient's Bitcoin wallet and the sender's bank account, so as to make from the United States to the United States to Salvador's transactions are faster and economical.
El ZONTE has recently received the first bitcoin ATM supported by Athena Bitcoin enthusiasts. It is worth noting that the town still has no conventional automatic withdrawal machine.
So far, the project has not been intervened by the regulatory agency, but the founder hopes to cooperate with the authorities to help and promote the clarity of the regulations.
The original text comes from the Forbes English version, which is deleted. It is compiled by the LABS team. The English copyright belongs to the original author.