Cryptocurrencies are now receiving intense interest in settlements such as villages and towns. Bitcoin village El Zonte in Elvador draws attention to this aspect.
Life in Bitcoin village El Zonte
Today, the usage area of cryptocurrencies is becoming widespread on the scale of settlements. The village of El Zonte in El Salvador is among the best examples of this.
Most of the people living in El Zonte do not use cash. Instead, the public prefers to use Bitcoin. From buying food to paying an electricity bill, the villagers make their payments in many different areas with Bitcoin. They even get their scholarships for high school and university students in the village with Bitcoin.
Bitcoin transfers have also been a savior for families during the global crisis due to coronavirus. It is stated that crypto money was used in the village due to Bitcoin donations made by an anonymous person in the first place. It is stated that this system poses some difficulties, especially considering the elderly population, however, the village people can adapt to the process. This transformation in El Salvador gives clues about the future of the cryptocurrency market.