While a beach town might sound affluent, El Zonte is not: According to Reuters, ‘El Zonte is visibly poor, with dirt roads and a faulty drainage system.’ In 2019, an anonymous donor in the U.S.
“Residents use a Venmo-like app payment system for exchanging Bitcoin, which was developed by a tech company in California called Galoy Money.
According to Politico’s report, El Zonte has attracted a new wave of affluent young foreigners interested in cryptoassets.
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