60 Minutes, the CBS news program running since 1968, will feature El Salvador’s Bitcoin Beach in a new episode airing April 10.
According to a Friday post from the 60 Minutes Twitter account, the investigative newscast will air Air a section on the crypto-friendly area of El Zonte, a village in El Salvador where residents and visitors could use Bitcoin (BTC) to pay for everything from utility bills to tacos. Sharyn Alfonsi, a journalist and correspondent for the show, interviewed Mike Peterson, one of the people who funded the project and promoted crypto adoption among residents.
How did a city in El Salvador become known as Bitcoin Beach? On Sunday, Sharyn Alfonsi is meeting with Mike Peterson who helped make it possible. pic.twitter.com/tHaHsTKFx1
— 60 minutes (@60minutes) April 8, 2022
The Bitcoin Beach project preceded the introduction of BTC as legal tender in El Salvador, first announced by President Nayib Buekele during the Bitcoin 2021 conference and later approved in September 2021. Since then, the president has made multiple BTC purchases totaling 1,801 BTC as of January — about $77 million at the time of publication.
A survey by the Salvadoran Chamber of Commerce released in March showed that only 14% of respondents said they had transacted using BTC since El Salvador’s Bitcoin Law went into effect, with more than 90% of businesses saying that bitcoin adoption had been minimal had an impact on sales. The country is progressing with the creation of Bitcoin City, a project funded by BTC bonds and powered in part by geothermal energy from volcanoes.
Related: Around El Salvador in 45 Days: A Pure Bitcoin Travel Story
The 60 Minutes show will not be limited to cryptocurrency reports and will feature an exclusive interview with Ukrainian President Volodymyr Zelenskyy on the ground in the war-torn country. The Ukrainian government continues to accept donations in crypto and fiat for humanitarian aid, as well as funds for the nation’s military to combat Russian forces.
https://cointelegraph.com/news/60-minutes-feature-on-el-salvador-s-bitcoin-beach-will-air-sunday The 60-minute feature about Bitcoin Beach in El Salvador will air on Sunday