Jungle

Bitcoin

Show

Thought

<p><strong>In the heart of Central America, a new Bitcoin hub is emerging. Known as the “Bitcoin Jungle”, this rapidly growing community in Costa Rica is challenging the status quo of cryptocurrency adoption. </strong>The detailed tweet thread was <a href="https://twitter.com/satoshimoneybtc/status/1688634291553697792" target="_blank" rel="noopener noreferrer nofollow">shared</a> by A Twitter user named Satoshi.</p> 
<p>Despite the country’s smaller population of only 5 million, the Bitcoin Jungle is seeing more Bitcoin meet-ups and merchant adoption than larger nations in the region.</p> 
<figure class="wp-block-image size-large"> 
 <img decoding="async" loading="lazy" width="473" height="1024" src="https://captainaltcoin.com/wp-content/uploads/2023/08/image-253-473x1024.png" alt="" class="wp-image-307950" srcset="https://captainaltcoin.com/wp-content/uploads/2023/08/image-253-473x1024.png 473w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-253-139x300.png 139w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-253-768x1662.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-253-710x1536.png 710w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-253.png 946w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-253-69x150.png 69w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-253-100x216.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-253-162x350.png 162w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-253-788x1705.png 788w" sizes="(max-width: 473px) 100vw, 473px"> 
</figure> 
<p>The Bitcoin Jungle is not just a metaphorical term. It refers to a specific area in Costa Rica, encompassing the towns of Uvita, Dominical, and Ojochal. In these towns, over 20 merchants have begun accepting Bitcoin as a form of payment. On the first day of the Bitcoin Jungle project, over 60% of local merchants adopted the wallet, introducing many people to Bitcoin for the first time.</p> 
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:"> 
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"> <i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i> 
  <div class="rh-colortitle-inbox-label"> 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"> Unibot: Trading Intelligence that Makes You 7x More Successful! 
  </div> 
 </div> 
 <div class="rh-colortitlebox-text"> 
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px"> 
   <div class="rh-toggler-wrapper" style="height:100px"> 
    <p><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4a5.png" alt="💥" class="wp-smiley" style="height: 1em; max-height: 1em;"> Discover the edge in crypto trading with <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Unibot" href="https://captainaltcoin.com/go/unibot/" data-shortcode="true">Unibot</a> – a user-friendly Telegram bot that boasts a 35% profitability rate amongst users, seven times higher than the average trader (only 5% of traders are profitable)! <br><br>Experience top-notch features like decentralized copytrading, DEX-based limit orders, and protection against MEV bots. <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Unibot" href="https://captainaltcoin.com/go/unibot/" data-shortcode="true"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"> Click to connect with Unibot <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"></a>! </p> 
    <p></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The Bitcoin Jungle project is powered by open-source software from the Galoy team. This initiative is fostering Bitcoin adoption among tourists, ex-pats, and local merchants. The project has been so successful that some Bitcoin enthusiasts are even living solely on Bitcoin in Costa Rica.</p> 
<figure class="wp-block-image size-large"> 
 <img decoding="async" loading="lazy" width="1024" height="608" src="https://captainaltcoin.com/wp-content/uploads/2023/08/image-254-1024x608.png" alt="" class="wp-image-307959" srcset="https://captainaltcoin.com/wp-content/uploads/2023/08/image-254-1024x608.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-254-300x178.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-254-768x456.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-254-1536x912.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-254-2048x1216.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-254-540x320.png 540w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-254-253x150.png 253w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-254-100x59.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-254-589x350.png 589w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-254-788x467.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-254.png 512w" sizes="(max-width: 1024px) 100vw, 1024px"> 
</figure> 
<p>One such Bitcoin maximalist was able to use Bitcoin exclusively for his entire holiday in Costa Rica. From pizzas to market trips, Bitcoin became his daily currency of choice. This raises the question: Is Bitcoin the future of travel payments for digital nomads?</p> 
<p>Interestingly, 17% of digital nomads are already getting paid in Bitcoin. What’s even more intriguing about Costa Rica is the potential adoption by the local government. In Costa Rica, excess energy is being used to mine Bitcoin. This model could potentially be replicated by other nations with excess energy.</p> 
<p>As the world continues to grapple with the implications and possibilities of cryptocurrency, the Bitcoin Jungle in Costa Rica serves as a fascinating case study. It’s a testament to the power of community, the potential of open-source technology, and the transformative impact of Bitcoin on everyday transactions.</p> 
<p>While the world has been focused on “Bitcoin Beach” in El Salvador, the Bitcoin Jungle in Costa Rica has been quietly growing, demonstrating the potential for Bitcoin adoption in even the most unexpected places. As the Bitcoin Jungle continues to thrive, it’s only inevitable that other nations will follow suit, exploring the potential of Bitcoin and other cryptocurrencies.</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/thought-el-salvador-was-a-bitcoin-champion-wait-until-you-hear-what-this-nation-pulled-off/">Thought El Salvador Was a Bitcoin Champion? Wait Until You Hear What This Nation Pulled Off</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Thought El Salvador Was a Bitcoin Champion? Wait Until You Hear What This Nation Pulled Off

CaptainAltcoin

Other articles published on Aug 8, 2023

Santiment Warns as Bitcoin Breaches $30,000: “Beware of FOMO Levels in Three Altcoins”

Bitstamp seeks new funds to go global

Shibarium Mainnet Launch Imminent: Validators Go Live on Mainnet

Massive Investor Sends $200M USDT and $9M Ether to Huobi

Bitcoin bears ‘in control but exhausted’ as BTC price retakes $29K

Chamber of Digital Commerce Releases Report on SEC vs Ripple Ruling

Join our free newsletter for daily crypto updates!