60 Minutes, a CBS news program that has been running since 1968, will feature El Salvador’s Bitcoin Beach in a new episode airing April 10.
According to a Friday article from the 60 Minutes Twitter account, the investigative news program will air the clip in the crypto-friendly neighborhood of El Zonte, a village in El Salvador where residents and visitors can use bitcoin (BTC). ) to pay for everything from electricity bills to… Tacos. Sherine Alfonsi, a journalist and reporter for the program, interviewed Mike Peterson, one of the people who funded the project and encouraged the adoption of cryptocurrencies among the population.
The Bitcoin Beach project was preceded by the presentation of BTC as legal tender in El Salvador, first announced by President Nayib Buekele during the Bitcoin 2021 conference and subsequently approved in September 2021. Since then, the president has made several purchases of BTC totaling 1,801 BTC since January — which is almost $77 million at press time.
Bitcoin Beach. Photograph by Jack Farren.
A survey conducted by the Salvadoran Chamber of Commerce and released in March found that only 14% of respondents said they had traded bitcoin since El Salvador’s bitcoin law went into effect. Over 90% of companies report that bitcoin adoption has had little impact on sales. The country is moving forward with the creation of Bitcoin City, a BTC bond-funded project supported in part by geothermal energy from volcanoes.
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The 60 Minutes show will not be limited to reporting on cryptocurrencies and will include an exclusive on-site interview with Ukrainian President Volodymyr Zelensky in the war-torn country. The government of Ukraine continues to accept cryptocurrency and mandatory donations for humanitarian aid, as well as funding for the national armed forces to fight Russian forces.