In El Salvador, the El Zonte area, renamed Bitcoin Beach, will receive $203 million in investment to improve infrastructure so that tourists can enjoy their vacation to the fullest.
El Salvador and the $203 million investment in Bitcoin Beach
Despite the long crypto winter, El Salvador’s president, Наииб Букеле, has decided to invest $203 million in Bitcoin Beach, the beach in El Zonte where Bitcoin is widely adopted.
?? El Salvador’s #Битцоин Beach to receive $203 million in infrastructure investments.
— Ватцхер.Гуру (@ВатцхерГуру) Август КСНУМКС, КСНУМКС
El Salvador’s Bitcoin Beach will receive $203 million in infrastructure investments.
The goal is to dedicate that sum to the construction of new facilities that will improve the vacation experience for bitcoin tourists who enjoy the beach and surf.
У том циљу, у саопштењу, Bukele said:
„Ел Зонте за многе је познат као Битцоин Беацх; Средићемо простор од 15,000 квадратних метара, где ће се налазити тржни центар, паркинг, беацх цлуб, постројење за пречишћавање, за ревитализацију простора.
El Salvador: $203 million investment also goes to Surf City beach
While El Zonte’s Bitcoin Beach is already famous as a tourist destination, Bukele is also targeting Surf City Beach, commonly known as El Tunco, which will also benefit from the new renovation services.
Here is the tweet witnessing all the work that has been done in the Surf City project:
Días atrás, lanzamos un segundo @сурфцити en Punta Mango.
Y el viernes, lanzamos la segunda fase del primer @сурфцити, en La Libertad.
????♂
Days ago, we launched a second @сурфцити in Punta Mango.
And Friday, we launched the second phase of the first @сурфцити in La Libertad. pic.twitter.com/vkWvfHOOkV
- Наииб Букеле (@наииббукеле) Август КСНУМКС, КСНУМКС
“Days ago we launched a second @surfcity in Punta Mango. And on Friday we launched the second phase of the first @surfcity project in La Libertad.”
Tourists in El Salvador will see improved bike lanes, a new drainage system, crosswalks, and 14 bridges. According to President Bukele, renovations will begin by the end of the year.
The history of El Zonte and the full adoption of Bitcoin
El Zonte, or Bitcoin Beach, is located an hour from the Salvadoran capital and has been using the queen of cryptos since 2019, becoming a true testing ground for Bitcoin.
Behind the project is an expatriate surfer from San Diego with a degree in economics, Мике Петерсон, who initially simply fell in love with the warm waves of El Zonte, but soon after applied to turn the area into Bitcoin Beach as early as 2019.
Са support of an anonymous donor, the BTC that was donated to the area was needed to create a truly circular economy on Bitcoin, and so Peterson took charge of the new project, creating dozens of jobs, all paid for in Bitcoin.
Source: https://en.cryptonomist.ch/2022/09/01/el-salvador-bitcoin-beach-will-receive-203-million-infrastructure-investment/