News From El Salvador, Early October: The Chivo Ecosystem’s Stress Test
Another month, another Bitcoin mined using volcanic power. That’s what’s happening in El Salvador, the little country that could. Plus, Moneygram alters its business. Problems and solutions with Chivo ATMs and the Chivo ecosystem as a whole. Stars in Bitcoin Beach and direct reports from the ground. This edition of our now regular news roundup comes extra charged with action and heartwarming stories, so buckle up!
The crazy thing is, the Bitcoin Law went into effect just a month ago. And all of this is happening as people from all over the world arrive in the country for the two Bitcoin conferences that it’ll host this month.
El Salvador ‘s Volcanic Bitcoin Mine Is On
We’re still testing and installing, but this is officially the first #Bitcoin mining from the #volcanode 🌋— Nayib Bukele 🇸🇻 (@nayibbukele) October 1, 2021
#Bitcoin mining upgrades thermal energy into digital energy that can be exported anywhere in the world and stored without power loss. https://t.co/jbghS2nfZJ— Michael Saylor⚡️ (@michael_saylor) October 1, 2021
Moneygram Goes Crypto To Compete
@MoneyGram cerró una alianza con @Coinme a principios de éste año. Los envíos de remesas bajaron en un 6% en 2020 y la compañía espera que las #criptomonedas hagan su negocio más atractivo. @WesternUnion también tiene alianza con https://t.co/UOVhs5zgBt#JustSaying 😃🌋 🇸🇻 pic.twitter.com/eKEQEBQip9— Mónica Taher ⚡️🇸🇻 (@monicataher) October 2, 2021
What’s Going On With The Chivo Ecosystem?
Some @chivowallet stats…#Bitcoin🇸🇻 pic.twitter.com/RnFqs2Zatp— Nayib Bukele 🇸🇻 (@nayibbukele) September 27, 2021
Update: This issue was resolved over DM; I got my $40 out of the machine.— Aaron van Wirdum (@AaronvanW) September 26, 2021
Precio normal/precio con la @chivowallet. Son $0.20 de ahorro por galón al usar esta nueva forma de pago en las gasolineras Puma y UNO. pic.twitter.com/9KX6EBBqbC— Secretaría de Comunicaciones 🇸🇻 (@ComunicacionSV) September 30, 2021
The new wave of tourists coming to #ElSalvador from around the world no longer need to worry about expensive currency exchange. Even if the want to use cash as they travel instead of #BTC, they can now easily withdraw using their #Bitcoin wallet for much cheaper than bank ATMs pic.twitter.com/mNezfZVb4m— Bitcoin Beach (@Bitcoinbeach) October 3, 2021
Chivo Reports From The Ground
Before we go to the Bitcoin Beach news, some first-hand reporting is in order.
There was a line in front of me and 3 consumers were using @chivowallet to pay for good and services. #Bitcoin is a reality in #ElSalvador We are getting used to, boy.#SOSNicaragua #BitcoinDay @Bitcoinbeach @nayibbukele @APompliano @CaitlinLong_ pic.twitter.com/wI7CXJ1pHB— Anon1moNICA (@Anon1moNICAv2) September 30, 2021
Big difference between last time I was here in June and today. I’d say about 85% of vendors in El Zonte now take #bitcoin. 1st pic is a chivo atm at the airport. Met awesome bitcoiners on this trip. Locals are loving bitcoin and have different wallets on their phones. pic.twitter.com/wJZSF54n9c— Apex ₿ ⭕️ 🕳 (@malandrox7) September 27, 2021
Back At Bitcoin Beach: Stars
So much fun!!! Loved see ALL the amazing work y’all are doing even beyond #bitcoin!!! What a blessing to your community and beyond!!! Aloha🤙🏽— Bethany Hamilton (@bethanyhamilton) October 3, 2021
After receiving donations in "Bitcoin" from all kinds of people around the world🙏🇸🇻, Jose was able to buy his own motorcycle to go out and sell the sweet bread. #Bitcoin can change the world. Now Jose goes around super happy! pic.twitter.com/0IScXko6GU— Roman Martínez🇸🇻⚡️ (chimbera) (@romanmartinezc) October 2, 2021
15/ Finally at 5:45pm ET @romanmartinezc, @milessuter, @Bitcoinbeach, and Luis Morales will join us for "Building a Bitcoin Community" to talk about the incredible work behind the scenes in El Zonte and discuss the nuances of what is happening in El Salvador🇸🇻 🌊— Alex Gladstein 🌋 ⚡ (@gladstein) September 29, 2021
Due to last minute personal difficulties this past week I will not be able to go … I am sad. But I will see you in the next one 🙏.— Roman Martínez🇸🇻⚡️ (chimbera) (@romanmartinezc) October 3, 2021
I think we’re walking towards a better future! 🇸🇻🇸🇻🇸🇻🇸🇻 El Salvador the place to be!!! #Bitcoin https://t.co/OunhS7pJKD @TIME @ciaraCnugent pic.twitter.com/BLzyY7m1E8— Roman Martínez🇸🇻⚡️ (chimbera) (@romanmartinezc) October 3, 2021
That’s it for now. The El Salvador Bitcoin experiment is the story of the year, probably. Join us again in a couple of weeks to check on the development of the Chivo ecosystem and this amazing story.Source