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Bitcoiner goes on vacation to Costa Rica and pays for everything with BTC

July 25, 2022
Reading Time: 4 mins read
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costa rica
What is Bitcoin?

Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.

A bitcoiner shared on Twitter how he traveled to Costa Rica and only spent in satoshis. He paid nothing in fiat money.

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  • Costa Rican Bitcoiner makes tourist trip only paying with Bitcoin
  • He was able to visit Uvita, Dominical and Ojochal.
  • The Project Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. Jungle has achieved acceptance of BTC in many parts of the world.

A fan of Bitcoin Costa Rican went on vacation to a very touristic part of Costa Rica and wanted to show the world how he was able to do all the sightseeing and eating in the country paying exclusively with satoshis (fractions of a dollar). Bitcoin ), without ever using fiat money.

It is about Eugenio, a maximalist from Bitcoin who is also a user of Twitter, who only brought Bitcoin in his wallet a place where cryptocurrency users can store, send and receive digital assets. during a long a situation where you buy a cryptocurrency with the expectation of selling it at a higher price for profit later. weekend on the Pacific coast of Costa Rica.

The enthusiast told that he visited the towns of Uvita, Dominical and Ojochal, a hotspot for whale a term used to describe investors who have uncommonly large amounts of crypto, especially those with enough funds to manipulate the market. watching, thanks to Bitcoin Jungl e, a project inspired by Bitcoin Beach from El Salvador. Eugenio documented all his vacations with Bitcoin en Twitter.

I just had a 100% #Bitcoin vacation in Uvita, Dominical and Ojochal #CostaRica thanks to the work of @BitcoinJungleCR creating a circular economy and supporting many merchants and businesses. Zero fiat fiat currency is “legal tender” backed by a central government, such as the Federal Reserve, and with its own banking system, such as fractional reserve banking. It can take the form of physical cash, or it can be represented electronically, such as with bank credit. was used, there were no banks involved, no trusted third parties, just real money.

I just had a 100% #Bitcoin vacation in Uvita, Dominical and Ojochal #CostaRica thanks to the work of @BitcoinJungleCR creating a circular economy and supporting many merchants and business. Zero fiat was used, no banks involved, no trusted third parties, just real hard money. pic.twitter.com/YrcQfIumfx

— Eugenio ???????? MTB & Bitcoin (@E_moonwatcher) July 18, 2022

He told Cointelegraph: “The only fiat I had to use was to fill up the car before I left.

Eugenio explained that he wanted to support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. adoption and show that anyone can do the same, in a convenient and fun way, “using Lightning Network a network refers to all nodes in the operation of a blockchain at any given moment in time. seamlessly, with no payment processors or banks involved:”

I wanted to be able to pay for my little sister’s ice cream while I was at the beach, for example.

Pay for everything with BTC

He also paid for pizzas, coffees, steaks, arts and crafts and even a trip to the kombucha market an area or arena, online or offline, in which commercial dealings are conducted. with Bitcoin . He made a report in Twitter of each place where you paid:

I had the opportunity to get pizza and ice cream at Sibú Café and Restaurant. They were very happy to accept #Bitcoin.

Had the chance to get pizza and gelato at Sibú Café and Restaurant. They were very happy acepting #Bitcoin pic.twitter.com/ac6E9lm2RY

— Eugenio ???????? MTB & Bitcoin (@E_moonwatcher) July 18, 2022

The traders reportedly asked: “Would you like to pay with Lightning or chain?” Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. transactions take on average 10 minutes to confirm, are slow and sometimes costly. Transactions Lightning are almost instantaneous, almost free and they are “win-win-win for me and for traders “Eugenio explained:

“It’s extremely convenient, Bitcoin is money. You can use it to spend and you can use it to save, you can do both in an easy way without the fees and hurdles built into the legacy system, plus you can always buy back the sats with the fiat you were going to use in the first place.”

Tips from the bitcoiner a person who is bullish on Bitcoin.

Eugenio shares a few tips for those reluctant to use Bitcoin to visit Costa Rica. As a proud Costa Rican, he expresses: “No lo pienses demasiado. El lugar es impactante, seguro, lleno de naturaleza y aventura. Use el mapa de Bitcoin Jungle Business for guidance and a Lightning wallet”.

The map shows that there are a growing number of merchants that are accepting BTC in Costa Rica.

The place is adopting Bitcoin “organically and some of the locals take pride in accepting Bitcoin, Eugenio told Cointelegraph.

Sources: Twitter, Cointelegraph , Cryptoglobe , archive

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