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‍ - Getting the Bitcoin economy started: As we injected the BTC into the community we also taught local businesses how to accept Bitcoin and helped educate them on the advantages (and drawbacks) of accepting Bitcoin. Thousands of millions of Satoshi have been injected into the community in the following ways: - Youth work programs improving the local environment by cleaning the local beaches and river, educational stipends to students staying in school, BTC stipends for university students, Universal Cash (BTC) Transfers to the elderly and poorest families in the community, and community construction projects (contractor, workers, and supplies all paid in BTC). ‍ This is how Bitcoin Beach Bitcoin adoption starts: Phase 1 Get Bitcoin into the local community, while simultaneously making sure there are local businesses accepting it as payment. So far Bitcoin Beach has positively impacted the lives of more than 600 users, giving them the tools to set up wallets using Bitcoin (facilitated by the Lightning Network) for everything from buying a $1 bag of tortillas to paying for a $3 haircut. In 2019, Bitcoin Beach decided to challenge the growing assumptions that Bitcoin would never be used for daily transactions such as buying a cup of coffee, as well as the assumption that Bitcoin would be used more by the wealthy than those looking to get to the first rung of the economic ladder.

Locals can pay their Utility Bills (phone, water and electric), for medical care, food and even haircuts using Bitcoin over the Lightning Network. Every month we have new local businesses and services begin to accept payment in Bitcoin. We use all Bitcoin donations to pay Bitcoin stipends to locals participating in the work we do.īitcoin Beach has brought together talented entrepreneurial community members to make sure all our efforts meet the real needs of the local community.

We do not convert Bitcoin donations to fiat.

Since 2019, Bitcoin has been used as a medium of exchange in the coastal villages through a number of initiatives that all involve using BTC in real transactional ways.īitcoin Beach is a locally led Salvadoran initiative that is actively supported by US based non-profit under their initiative, and partners with and. The project is slowly growing a Bitcoin ecosystem in a way that truly improves lives.