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.
Bitcoin Beach will receive more than USD $203 million in infrastructure investments in El Salvador.
- Government of El Salvador wants better Bitcoin Beach infrastructure
- To this end, it is investing in both El Zonte and Surf City.
- Currently there are many problems in the area, reported a Japanese tourist.
El Zonte, a beach in El Salvador now known as ” 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. Beach ” as it was the place that pioneered the adoption of cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. (even before its use was legalized in the country), will receive investments in infrastructure as part of a strategic plan of the government of El Salvador to further attract tourism.
Surf CityAnother beach location in the La Libertad region will also receive road and other improvements.
According to the government’s own reports, Bitcoin Beach is receiving a set of infrastructure improvements. These investments will be directed to the construction of a new set of facilities for tourists to better enjoy the place.
Regarding the execution of these investments, President Nayib Bukele said:
The Zonte for many is known as Bitcoin Beach; we are going to fix an area of 15,000 square meters, where there will be a shopping center, parking, beach club, treatment plant, to revitalize the area.
Surf CityThe beach, also known as El Tunco, will also benefit from these investments that will be extended throughout the region of La Libertad. This is part of the second phase of the projectSurf City, which aims to bring strategic developments to the area to help tourism thrive.
The La Libertad region will also receive a new set of roads to provide tourists with better access to sites. Bukele explained:
This year we will widen 21 kilometers of the coastal road to four lanes. And we will also do it with hydraulic concrete, which is more expensive than asphalt, but lasts much longer.
In total, the government of El Salvador will spend more than $203 million on infrastructure, including a new drainage system, bridges a blockchain bridge allows the seamless transfer of data or tokens between two different blockchain projects. and bicycle lanes, among other facilities, according to the media. Bitcoin.com.
Tourism and Bitcoin in El Salvador
According to several Salvadoran government spokespersons, Bitcoin’s bet as a tourism promoter is still on the table.
According to the president himself, Nayib Bukele, on August 8: Bitcoin and surfing are a boost to tourism o. This he wrote in Twitter:
“Only a handful of countries have been able to get their tourism back to pre-pandemic levels. And that’s international tourism, so the reasons behind this are mainly Bitcoin and surfing. But domestic tourism is growing even more, mainly because of our crackdown on gangs.”
Likewise, in April, Morena Valdez, El Salvador’s tourism minister, said in February that the adoption of Bitcoin as legal tender has helped the sector to grow by 30%.
In addition, recently, El Salvador’s ambassador to the United States, Milena Mayorga, said that the world was looking at your country thanks to Bitcoin and that this crypto incentivized tourism.
Those who have doubts
While testimonials have been shared by bitcoiners fascinated with El Salvador, others have shown that it is not true that the use is so widespread. Travel youtuber Ken Utsumi, of Japanese origin, visited the country and was fascinated by bitcoin. a little disappointed by the lack of adoption in the Central American nation because there were few places that accepted Bitcoin .
The famous pupusa from El Salvador. A tortilla made of rice and corn, often eaten in Mexico, is wrapped in cheese, beans, meat, etc., flattened and grilled on an iron plate. Found on the streets of San Salvador. No bitcoins.
Pupusa is a specialty of El Salvador.A tortilla made of rice or corn, often eaten in Mexico, wrapped with cheese, beans, or meat, then flattened and grilled on a griddle.You can find them all over San Salvador, but not in Bitcoin. pic.twitter.com/llE5gKWRvQ
– KenUtsumi@Trip Around the World 23 (@u23ken) August 26, 2022
He acknowledged that it was in Bitcoin Beach where he found the most interest and places that received crypto payments. However, he also said that currently Bitcoin Beach had some infrastructure problems.
At Bitcoin Beach in El Salvador, working or studying with the sound of the ocean as background music makes me feel refreshed. It’s like riding a wave.
What worries me are the power outages and Internet failures that sometimes occur when the tide breaks my Mac. Other than meetings, such problems aren’t that big a deal, and there are too many advantages, even if you subtract the disadvantages.
At Bitcoin Beach in El Salvador, it’s brilliant when you’re working or studying with the sound of the ocean as background music.It’s just like riding the waves.
The only thing I worry about is that my Mac might break in the tide, and the occasional power outage or internet outage.Such troubles were not so much a problem except for the meeting, which was a big plus minus the minus. pic.twitter.com/Zg4moctNAX
– KenUtsumi@Trip Around the World 23 (@u23ken) August 31, 2022
But at the same time, it shows that for him it was worth the visit, even with so many contrasts:
At BitcoinBeach in El Salvador you can experience the scenery washing in the river like the 20th century while paying with BTC, the cutting-edge future currency currency is a medium of exchange that defines value. of the 21st century.
In El Salvador BitcoinBeach, you can meet the scenery of washing clothes in the river like in the 20th century while paying with BTC, the most advanced future currency of the 21st century. pic.twitter.com/HUfN0gUG4i
– KenUtsumi@Trip Around the World 23 (@u23ken) August 31, 2022
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