Vinkmag ad

60 Minutes function on El Salvador’s Bitcoin Beach will air Sunday

60 Minutes function on El Salvador's Bitcoin Beach will air Sunday thumbnail
Vinkmag ad

60 Minutes, the CBS information present that has been working since 1968, will function El Salvador’s Bitcoin Beach in a brand new episode airing April 10.

According to a Friday put up from 60 Minutes’ Twitter account, the investigative information present will air a phase on the crypto-friendly space of El Zonte, a village positioned in El Salvador, the place residents and guests have been in a position to make use of Bitcoin (BTC) to pay for something from utility payments to tacos. Sharyn Alfonsi, a journalist and correspondent for the present, interviewed Mike Peterson, one of many individuals who funded the challenge and inspired crypto adoption amongst residents.

The Bitcoin Beach challenge preceded the adoption of BTC as authorized tender in El Salvador, first introduced by President Nayib Buekele in the course of the Bitcoin 2021 convention and later enacted in September 2021. Since that point, the president has gone on to make a number of BTC buys totaling 1,801 BTC as of January — roughly $77 million on the time of publication.

Bitcoin Beach. Photo by Jack Farren.

A survey from the Salvadoran Chamber of Commerce launched in March confirmed that solely 14% of respondents mentioned that they had transacted in BTC since El Salvador’s Bitcoin Law went into impact, with greater than 90% of firms suggesting that Bitcoin adoption had little influence on gross sales. The nation is transferring ahead with the creation of Bitcoin City, a challenge funded by BTC bonds and powered partially by geothermal vitality from volcanoes.

Related: Around El Salvador in 45 days: A Bitcoin-only journey story

The 60 Minutes present won’t be restricted to stories on cryptocurrency, and embrace an unique interview with Ukraine President Volodymyr Zelenskyy on the bottom within the war-torn nation. The Ukrainian authorities continues to settle for donations in crypto and fiat for humanitarian assist in addition to funding for the nation’s navy to combat Russian forces.

Read Previous

Finance Redefined: Axie Infinity creator raises $150M, DApp every day customers surge to 2.4M and extra

Read Next

Eric Weinstein and Avi Loeb: Breaking Physics And Changing The World

Most Popular