Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Beach project in El Salvador
by
CaVO32
on 27/06/2021, 23:34:32 UTC
After El Salvador officially accepted  Bitcoin  as legal currency, all the attention was focused on the Pacific coastal fishing village in this country. about 500 families here use  Bitcoin  to buy groceries and pay electricity and water bills - which is also what the government wants the whole country to aim for.

This is very nice to promote it as a bitcoin tourism spot. This will be their selling feature to tourists. But hopefully, they will accept other alts also like maybe XRP, as they have cheaper fees. Bitcoin as we know, has relatively expensive fee especially if the network is congested. So this may be one of the hindrances why some people won't use bitcoin, the fees involved and the duration of confirmation in the network.