Bitcoin Beach in El Zonte, El Salvador, is home of the world’s first community where families are paying their mortgages on the blockchain. Families used to spend hours of their weeks traveling to make cash payments in person. Now, they can walk out of their homes and exchange their hard-earned cash for bitcoin. Since bitcoin is a legal tender in El Salvador, families can use it to pay for everything — from their haircuts to their homes. ...
About 70% of the population in El Salvador is unbanked and restricted from obtaining a loan and owning a home. ... While most Salvadorans don’t have a relationship with a bank, they do have mobile phones ...
Home page - https://bitcoin-beach2.webflow.io
See the full story here: https://www.newstoryhomes.org/blog/new-story-and-google-collaboration-brings-digital-transformation-to-bitcoin-beach#:~:text=Bitcoin%20Beach%20in%20El%20Zonte,hard%2Dearned%20cash%20for%20bitcoin.