The world is facing many challenges right now. Between inflation, wars and falling crypto markets, the economy is increasingly in need of a boost. With this in mind, Bitcoin Beach is once again getting to work in Latin America. And for once, he sets his sights on northern Brazil.
A new stage for bitcoin (BTC) in Brazil
Although bitcoin (BTC) is once again in the red, its adoption shows green indicators. Indeed, the flagship crypto continues to appeal to people across the globe. He is once again causing a sensation in Brazil. After the adoption of a bill by the Brazilian Senate to recognize BTC as a new means of payment, Bitcoin Beach undertakes to explain how wallets work to students and teachers this time around.
The team behind this project has set its sights on Jericoacoara, in the state of Ceara in northern Brazil. To do this, Bitcoin beach achieved its first BTC activation by giving away 408 paper wallets with 1000 sats to public school teachers and students.
To achieve his goal, he was able to count on the help of Galoy and 200 anonymous donors. In a video posted on Twitterwe can see Fernando Montolose, the founder of the project, explaining to them how to keep their assets in a safe place and never share their private key.
The resounding example of El Salvador
Bitcoin Beach is a project initiated in 2019 in the village of El Zonte. The movement is gaining momentum since in a few years it has become a symbol in terms of the economy linked to bitcoin (BTC). The project is already being set up in Brazil and to achieve this, a call for donations in BTC is underway.
But far from turning them into cash, these tokens will be used to promote actions to democratize the flagship crypto at the local level. The goal of the move is to successfully collect one bitcoin. At the moment, only 0.025 BTC has been raised with the participation of Fernando Montolose who donated 0.02 bitcoins.
Initiated in September 2021, the Bitcoin Beach movement has already enabled 120 local users to create Lightning Network wallets. Although 11 local businesses now accept bitcoin (BTC) payments, this is still a long way from the main goal of getting the flagship crypto adopted by all local businesses across all domains.
Receive a digest of news in the world of cryptocurrencies by subscribing to our new daily and weekly newsletter service so you don’t miss any of the essential Tremplin.io!
