Mike Peterson: Bitcoin for Communities in El Salvador


While I was visiting El Salvador in November 2021 I met with Mike Peterson, the initiator of Bitcoin Beach in El Zonte. Over 40 businesses are accepting bitcoin as payment and the locals use it to pay for their daily needs. We’re discussing the effects of bitcoin as legal tender in El Salvador, the Chivo wallet, it’s problems and how the community is using Bitcoin in a multisig shared custody model with the Bitcoin Beach Wallet.

If you’re interested to learn more, Mike was my guest already in May, just a few days before the announcement of Bitcoin law.


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Recording Date: November 25, 2021
Location: Hope House, Bitcoin Beach



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