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How Bitcoin Beach Transforms El Salvador's Economy and Empowers Locals - Crypto Projects to Watch 2023

This coastal community famous as a surfing mecca has garnered over 3,000 bitcoin users including more than 500 families and 120 businesses. Its adoption model is now being replicated around the world. That’s why Bitcoin Beach is one of CoinDesk’s Projects to Watch 2023.
El Zonte Departamento De La Libertad El Salvador United States Mike Peterson Roman Martinez

The Morning After: El Salvador made Bitcoin a legal currency

Jose Cabezas / reuters Bitcoin has had a rollercoaster ride over the last months. Once Tesla’s darling, with its value climbing, when the EV maker dropped BTC pricing, the cryptocurrency plummeted in value, (it’s down 37 percent over the last month, at the time of writing). But hey, don’t tell El Salvador. President Nayib Bukele has followed through on his campaign promise to make the turbulent Bitcoin legal tender, alongside the US dollar. It means that, in about 90 days, the cryptocurre...
El Zonte Departamento De La Libertad El Salvador Nayib Bukele Jeff Goldblum Jose Cabezas

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El Salvador becomes the first country to approve Bitcoin as legal currency

June 9th, 2021 Jose Cabezas / reuters El Salvadors President Nayib Bukele has made good on his promise to adopt Bitcoin as legal tender. Officials in the Central American countrys congress voted to accept the cryptocurrency by a majority of 62 out of 84 votes, reports CNBC. In a worldwide first, El Salvador will accept Bitcoin as legal tender alongside the US dollar in 90 days, according to the BBC. The law effectively means the cryptocurrency can be used as payment for goods or services unle...
United States El Zonte Departamento De La Libertad El Salvador United Kingdom Nayib Bukele

Jimmy Surf Fiesta finds a cure for the COVID-19 beach blues

    Over the past 18 years, the Jimmy Miller Surf Fiesta has been a fun, family day of groveling for whatever waves 45th Street in Manhattan Beach delivered on the first weekend of November. Over 200 surfers regularly compete. But this year, because of the pandemic, beach gatherings were banned. Undeterred, contest organizers unleashed their competitors to surf anywhere in the world and to video their surf sessions for the judges to view. The Cherry family surfed 45th Street because they live...
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