{"id":8349,"date":"2021-06-16T21:54:05","date_gmt":"2021-06-16T21:54:05","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/bitcoin-beach-town-in-el-salvador-bustles-with-growth-after-btc-becomes-legal-tender\/"},"modified":"2021-06-16T21:54:05","modified_gmt":"2021-06-16T21:54:05","slug":"bitcoin-beach-town-in-el-salvador-bustles-with-growth-after-btc-becomes-legal-tender","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/bitcoin-beach-town-in-el-salvador-bustles-with-growth-after-btc-becomes-legal-tender\/","title":{"rendered":"Bitcoin Beach Town in El Salvador Bustles With Growth After BTC Becomes Legal Tender"},"content":{"rendered":"

Ever since El Salvador passed a bill that was approved by a supermajority in the Salvadoran Congress legalizing bitcoin as legal tender in the nation, the country has remained in the spotlight. Furthermore, there\u2019s an area in El Salvador called \u201cBitcoin Beach\u201d with a small group of beach villagers that are attempting to leverage bitcoin on a daily basis. <\/strong><\/p>\n

El Zonte Beach Town and Surfer Village Attempts to Create a Bitcoin Circular Economy in El Salvador<\/h2>\n

In a region located about 50 miles from the Litoral highway, there\u2019s a small village and a lively surfer community situated in Playa El Zonte beach. After El Salvador legalized bitcoin<\/a> as a form of tender in the country, this beach village area started gaining lots of attention.<\/p>\n

Not only will you find a number of hotels, hostels, and local eateries for surfers and backpackers, Playa El Zonte also has a bustling bitcoin community. The community or village calls itself \u201cBitcoin Beach<\/a>\u201d and people can follow the residents on Twitter.<\/p>\n

Photo credit @Bitcoinbeach on Twitter.<\/p>\n

The Bitcoin Beach residents were recently featured in a Reuters editorial<\/a> published two days ago. A few residents of Bitcoin Beach discussed what was happening in the region ever since El Salvador made bitcoin legal tender.<\/p>\n

The story highlights that Bitcoin Beach members aim to make the beach town \u201cone of the world\u2019s first bitcoin economies.\u201d The reporter discusses the area with Take Zulma Rivas, a 38-year-old mother who accepts BTC<\/a> payments for fruit.<\/p>\n

Photo credit @Bitcoinbeach on Twitter.<\/p>\n

According to Bitcoin Beach residents, the BTC-fueled town was first invoked<\/a> by an anonymous BTC<\/a> donor and a San-Diego native Michael Peterson. The mission is to create a BTC<\/a> circular economy that involves every aspect of the village\u2019s economy.<\/p>\n

<\/p>\n

Entrepreneurs and Foreign Businesses Flock to Bitcoin Beach<\/h2>\n

Furthermore, Bitcoin Beach has pushed the idea to Punta Mango, another region located three hours away from Playa El Zonte. Since bitcoin became legal tender in El Salvador, the village is seeing widespread appeal. It seems a great number of bitcoiners want to reside in the region and set up businesses in the bitcoin-friendly country.<\/p>\n

The country of El Salvador gets all the attention as being the first country to adopt #bitcoin<\/a>, but it\u2019s important to know that there is a small team, in a small village, that sparked all this. Those people don\u2019t get the recognition they deserve. This thread brings more context. pic.twitter.com\/EFniGvJPaW<\/a><\/p>\n

\u2014 Nicolas Burtey ??\u26a1\ufe0f (@nicolasburtey) June 13, 2021<\/a><\/p>\n<\/p>\n

The Bitcoin Beach resident\u2019s official Twitter account has amassed more than 27,000 followers since its introduction in 2019. The account grew massively following El Salvador\u2019s president, Nayib Bukele officially announcing the legal tender plans. <\/span>The Twitter account shows all the action that\u2019s been taking place in Playa El Zonte since then.<\/p>\n

\u201cBitcoin Beach team working late to produce educational material for 6 million future Bitcoiners,\u201d the Twitter account tweeted<\/a> on Wednesday sharing a number of pictures of the progress. According to the residents of the village, a great number of entrepreneurs are showing up to the beach to visit or help the bitcoin economy flourish.<\/p>\n

\u201cIf you just randomly showed up in El Salvador this week you would definitely think there was a huge bitcoin conference going on,\u201d Bitcoin Beach said<\/a>. The Twitter handle added<\/a>:<\/p>\n

Non-stop flow through the airport of company leaders looking to support this moment and bring jobs to El Salvador. 30 foreign business leaders coming to visit Bitcoin Beach tomorrow -to see how they can invest in El Salvador. Just this morning had 2 companies tell us they already have lawyers setting up their legal business entities. [El Salvador\u2019s president, Nayib Bukele] has opened the jobs floodgates #bitcoin.<\/p>\n

The residents of Bitcoin Beach have shared a myriad of photographs covering the work that\u2019s been done so far in the area. \u201cDesks have all filled up at Hope House Bitcoin Beach shared workspace with bitcoin companies streaming into El Salvador \u2013 So of course we are building more space,\u201d the group stressed the other day.<\/p>\n

\u201cCrazy Days here at Bitcoin Beach We are thrilled and humbled by the number of companies and governmental agencies that are putting everything into plans to support the rollout of Bitcoin as an official currency of El Salvador,\u201d the Bitcoin Beach group further said.<\/p>\n

What do you think about the Bitcoin Beach community located at Playa El Zonte in El Salvador? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nNews, anonymous BTC donor, Bitcoin, Bitcoin Beach, Bitcoin Beach Economy, Bitcoin Beach residents, bitcoin legal tender, BTC, BTC circular economy, El Salvador, entrepreneurs, Foreign Businesses, legalized bitcoin, Michael Peterson, Playa El Zonte, Playa El Zonte beach, Take Zulma Rivas<\/p>\n","protected":false},"excerpt":{"rendered":"

Ever since El Salvador passed a bill that was approved by a supermajority in the Salvadoran Congress legalizing bitcoin as legal tender in the nation, the country has remained in the spotlight. Furthermore, there\u2019s an area in El Salvador called \u201cBitcoin Beach\u201d with a small group of beach villagers that are attempting to leverage bitcoin…<\/p>\n","protected":false},"author":0,"featured_media":8350,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-8349","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8349"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=8349"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8349\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/8350"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=8349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=8349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=8349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}