Bitcoin Beach – DIGIT INFO

El Salvador’s Bitcoiners teach 12-year-olds how to send sats

DIGIT — Wed, 16 Aug 2023 23:26:00 +0000

Over 25,000 students in El Salvador have learned about Bitcoin in the classroom.

Reports Claim Chivo Bitcoin Wallet Is Flagging Wasabi Transactions in El Salvador

DIGIT — Fri, 07 Apr 2023 21:00:15 +0000

According to several reports, the Salvadoran government-issued bitcoin wallet, Chivo, has been freezing wallets and requesting that owners verify the source of funds. The founder of El Zonte’s Bitcoin Beach stated that the government’s bitcoin wallet software is flagging and freezing wallets that receive transactions from Wasabi, a non-custodial bitcoin wallet that utilizes Coinjoin technology […]

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Bitcoin Beach to Receive More Than $203 Million in Infrastructure Investments in El Salvador

DIGIT — Wed, 31 Aug 2022 08:30:22 +0000

El Zonte, a beach in El Salvador rebaptized as “Bitcoin Beach” due to its adoption of the cryptocurrency, will receive infrastructure investments as part of a strategic plan of the government of El Salvador. Surf City, another beach location in the La Libertad region, will also receive road improvements and other upgrades. ‘Bitcoin Beach’ to […]

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Report Says Western Union Could Lose $400M if El Salvador’s Chivo Bitcoin Wallet Gains Traction, Tim Berners-Lee Weighs In

DIGIT — Fri, 10 Sep 2021 05:30:18 +0000

The Republic of El Salvador has made many headlines this week as the country adopted bitcoin as legal tender on Tuesday and became the first-known nation-state to purchase the leading crypto asset. A recent report details that remittance providers like Moneygram and Western Union could lose up to $400 million annually if the Chivo wallet […]

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Bringing the crypto payments ecosystem around the world: Ray Youssef

DIGIT — Sun, 25 Jul 2021 10:14:00 +0000

“I was nearly killed by the police, who saw me wandering through the city thinking I’m a looter.” Ray Youssef discusses his close calls and crypto adoption.

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Report Claims Nayib Bukele’s Regime May Issue a Salvadoran Stablecoin

DIGIT — Sun, 18 Jul 2021 11:16:11 +0000

According to regional reports, El Salvador’s current leadership is in the midst of developing a stablecoin backed by the U.S. dollar. Meanwhile, others believe the stablecoin idea was scrapped now that Nayib Bukele’s government chose to leverage bitcoin. Some Say the Colón-Dollar Is Being Developed, Others Claim the Salvadoran Stablecoin Idea Was Scrapped There’s lots […]

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World Bank refuses El Salvador’s request for help on BTC transition

DIGIT — Thu, 17 Jun 2021 05:19:46 +0000

The World Bank has refused to support El Salvador’s request for help in the transition to use Bitcoin as legal tender.

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Bitcoin Beach Town in El Salvador Bustles With Growth After BTC Becomes Legal Tender

DIGIT — Wed, 16 Jun 2021 21:30:11 +0000

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’s an area in El Salvador called “Bitcoin Beach” with a small group of beach villagers that are attempting to leverage bitcoin […]

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