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News From El Salvador: What’s Going On At Bitcoin Beach?

  • June 23, 2021
  • Posted by: admin
  • Category: BitCoin, Blockchain, Cryptocurrency, Investments
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It feels like a movie, a modest youth outreach program at a remote beach ended up modernizing a whole country. And probably changing the whole world. Bitcoin is already legal tender in El Salvador, but that’s just the first step. The story continues at Bitcoin Beach, where an ever-growing group of Salvadorians is facing challenges and teaching children about the marvels of this still-novel technology. 

Related Reading | Bitcoin Adoption: Why Paraguay Could Follow In El Salvador’s Footsteps

What’s happening in El Zonte and in El Salvador in general? Bitcoinist has you covered.

Fees, Foundations, And Surf In El Salvador

  • The Bitcoin community, lead by Miles Suter, is raising money for the Katy Diaz Surf Foundation non-profit. They’ll build a physical location for the Salvadorian Surf Team. They plan to, “fund much of this project in bitcoin directly – from the construction materials to the wages of the builders.” To learn about Katy Diaz’s story and to find out where to contribute, read the whole thread.

  • Around 20 thousand El Salvadorans used the Bitcoin Beach wallet this week. The fee for all of their transactions was “13879 sats, or $4.98.” That’s right, all of their transactions cost less than $5. The Lightning Network is real.

  • ChainBytes sent a batch of Bitcoin ATMs to El Salvador. More importantly, the company claims, “our main goal is to create skilled jobs for Salvadorans. Our leadership team is working tirelessly in El Salvador to help build El Salvador into the Bitcoin ATM manufacturing hub of the Americas.” And, apparently, they mean it.

BTCUSD price chart for 06/23/2021 - TradingView

BTC price chart on Coinbase | Source: BTC/USD on TradingView.com

Community Building And Youth Outreach At Bitcoin Beach

  • One of the many programs the Bitcoin Beach pilot project had was providing safeguar-training and then paying safeguards in BTC for their services. Look how that’s going.

  • As you can see here, the team is doing the groundwork and spreading the Bitcoin message to other communities.

  • Community leader Román Martinez gives us a tour of a Bitcoin cash point in Bitcoin Beach. The sign says: “Pay your bills here!”

Related Reading | How El Salvador Embracing Bitcoin Signifies “The Separation Of Money And State”

  • Paxful’s Ray Youssef was in the area, hanging out with the Bitcoin Beach community leaders. He said, “These are the people who grinded every single day to build Bitcoin Beach teaching children how to surf every morning. There is no secret to adoption, just on the ground hustle and empathy to educate and empower and it all begins with the youth! ”

  • Last but not least, these are the community leaders you should follow to be up to date with the Bitcoin Beach story. About them, Miles Suter said, “While I’m honored to have a quote I hope the next article about El Zonte will focus on @jorgebitcoinES & the heroic lengths he went to for his community, that ended up literally changing his country.”

Featured Image by Eduardo Iraheta on Unsplash - Charts by TradingView
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