How Bitcoin Brings New Hope For El Salvador
The post How Bitcoin Brings New Hope For El Salvador appeared on BitcoinEthereumNews.com. It has been over two years since the Central American country El Salvador adopted Bitcoin (BTC) as legal tender. While it was a long-term plan for the country, the citizens already believe it has given them new hope. The ethos of the Bitcoin ecosystem is don’t trust… verify. And that was the inspiration for the Bitfinex team to travel to El Salvador to make the documentary Don’t Trust… Verify, so that viewers can witness how Bitcoin has been adopted in the country from a first-person point of view. The documentary is set to premiere on Oct. 22 in Lugano, Switzerland. However, BeInCrypto got an advance screening. How El Salvador Youth Had Minimum Hopes for a Better Future Until 2021, El Salvador was infamous for its high crime rates and the pervasive presence of gangs, painting a bleak picture of the nation’s security landscape. Then, the country started making headlines for its bold move, adopting Bitcoin as legal tender. According to Mike Peterson, the director of Bitcoin Beach, young people have grown up in the country, living away from their parents. This was because some parents shifted to the US for job opportunities, while others were imprisoned for gang involvement. Hence, Peterson spoke in the documentary that youth grew up thinking there was no hope in the country. Bitcoin Beach is an initiative in El Zonte, a beach town in El Salvador. It got recognition because entrepreneurs and tourists in the area have increasingly used Bitcoin to conduct transactions, while workers in the town receive their salaries in digital currency. Read more: A Definitive Guide to Non-Tech Jobs in Web3 Bitcoin Beach. Source: A screenshot from the documentary Bitcoin: A New Hope For El Salvador Amid the citizens’ involvement in criminal activities, El Salvador faced a stark lack of financial education.…
The post How Bitcoin Brings New Hope For El Salvador appeared on BitcoinEthereumNews.com.
It has been over two years since the Central American country El Salvador adopted Bitcoin (BTC) as legal tender. While it was a long-term plan for the country, the citizens already believe it has given them new hope. The ethos of the Bitcoin ecosystem is don’t trust… verify. And that was the inspiration for the Bitfinex team to travel to El Salvador to make the documentary Don’t Trust… Verify, so that viewers can witness how Bitcoin has been adopted in the country from a first-person point of view. The documentary is set to premiere on Oct. 22 in Lugano, Switzerland. However, BeInCrypto got an advance screening. How El Salvador Youth Had Minimum Hopes for a Better Future Until 2021, El Salvador was infamous for its high crime rates and the pervasive presence of gangs, painting a bleak picture of the nation’s security landscape. Then, the country started making headlines for its bold move, adopting Bitcoin as legal tender. According to Mike Peterson, the director of Bitcoin Beach, young people have grown up in the country, living away from their parents. This was because some parents shifted to the US for job opportunities, while others were imprisoned for gang involvement. Hence, Peterson spoke in the documentary that youth grew up thinking there was no hope in the country. Bitcoin Beach is an initiative in El Zonte, a beach town in El Salvador. It got recognition because entrepreneurs and tourists in the area have increasingly used Bitcoin to conduct transactions, while workers in the town receive their salaries in digital currency. Read more: A Definitive Guide to Non-Tech Jobs in Web3 Bitcoin Beach. Source: A screenshot from the documentary Bitcoin: A New Hope For El Salvador Amid the citizens’ involvement in criminal activities, El Salvador faced a stark lack of financial education.…
What's Your Reaction?
