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"When bitcoin struck $60,000, I won and I bought this cooled room for the store, however
then it went down and I lost." I Found This Interesting was a pioneer in utilizing bitcoin in El
Zonte. He stated the confidential U.S. donor became aware of neighborhood jobs through the
nonprofit Hope House where he works and started resolving another American who lives in
El Zonte.

Bukele's government on the across the country bitcoin launch. A demand by The Associated
Press to speak with Strike CEO Jack Mallers was not granted. In an email, the company
stated, "Strike's app is indicated to empower people in all countries, broaden the financial
system to include those who have been omitted, and increase economic opportunity
worldwide, and that is at the heart of this effort."El Salvador has used the U.S.

Martinez said El Zonte citizens did not have savings account, had no access to credit and
were required to handle all deals in cash. "Now they are small investors whose lives have
been changed by bitcoin," he said. Some concern simply how much can be gained from the
Bitcoin Beach experiment.

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At Bitcoin Beach, he stated, "the bitcoins are traded inside Strike. They do not in fact move
on the bitcoin blockchain or anything."Mr. Gerard said it appears to work because the bitcoin
donor keeps pumping bitcoin into the village's system. "That's not an evidence of idea that
works. That shows that you can trade this stuff if you're not trading actual bitcoins and
somebody massively funds it."Adoption had been slow in El Zonte, but took off during the
coronavirus pandemic when strict lockdown procedures kept the majority of people from
leaving home."Our donor made three deliveries of $40, converted to bitcoin, for each of the
neighborhood's 500 households, and they were trained to utilize the application and now it's
regular to purchase with bitcoin," Mr.

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El Zonte even has a Bitcoin ATM, which provides dollars in exchange for bitcoin or takes
dollars and gives credit in bitcoin. Edgar Magaa was in town from San Salvador to convert
$50 to bitcoin. He inserted the dollars into the device and was surprised to see just $47 in
bitcoin portions credited to his account on his phone."They took three dollars commission,"
Mr.