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60 Minutes characteristic on El Salvador’s Bitcoin Seaside will air Sunday

60 Minutes, the CBS information present that has been working since 1968, will characteristic El Salvador’s Bitcoin Seaside in a brand new episode airing April 10.

In keeping with a Friday submit from 60 Minutes’ Twitter account, the investigative information present will air a section on the crypto-friendly space of ​​El Zonte, a village situated in El Salvador, the place residents and guests have been ready to make use of Bitcoin (BTC) to pay for something from utility payments to tacos. Sharyn Alfonsi, a journalist and correspondent for the present, interviewed Mike Peterson, one of many individuals who funded the mission and inspired crypto adoption amongst residents.

The Bitcoin Seaside mission preceded the adoption of BTC as authorized tender in El Salvador, first introduced by President Nayib Buekele throughout the Bitcoin 2021 convention and later enacted in September 2021. Since that point, the president has gone on to make a number of BTC buys totaling 1,801 BTC as of January — roughly $77 million on the time of publication.

Bitcoin Seaside. Picture by Jack Farren.

A survey from the Salvadoran Chamber of Commerce launched in March showed that only 14% of stated they’d transacted in BTC since El Salvador’s Bitcoin Regulation went into impact, with greater than 90% of corporations suggesting that Bitcoin adoption had little impression on gross sales. The nation is transferring ahead with the creation of bitcoin citya mission funded by BTC bonds and powered partially by geothermal vitality from volcanoes.

Associated: Around El Salvador in 45 days: A Bitcoin-only travel story

The 60 Minutes present won’t be restricted to experiences on cryptocurrency, and embrace an unique interview with Ukraine President Volodymyr Zelenskyy on the bottom within the war-torn nation. The Ukrainian authorities continues to accept donations in crypto and fiat for humanitarian support in addition to funding for the nation’s army to struggle Russian forces.