El Zonte: Birthplace of El Salvador’s Bitcoin Revolution
- El Zonte, a village of about 3,000 people, supports the world’s first Bitcoin circular economy.
- Bitcoin Beach was initiated by Michael Peterson with a significant bitcoin donation in 2019.
- The initiative began by giving children bitcoin grants for community service and education.
- During the COVID-19 pandemic, Bitcoin Beach supported the local economy by providing bitcoin to families.
- Before Bitcoin Beach, 90% of El Zonte residents had no bank accounts or digital transaction experience.
El Zonte has transformed into a hub for cryptocurrency enthusiasts due to its pioneering Bitcoin circular economy. The village’s journey began with Michael Peterson’s initiative and has significantly impacted local economic development and financial inclusion.
Source (2.6)https://www.coindesk.com/coindesk-news/2025/02/14/el-salvador-dispatch-the-origins-of-the-bitcoin-experiment?rand=52298
