El Salvador's Bitcoin payment experiment is nearly grinding to a halt, with a core developer witnessing firsthand the drying up of payments at 'Bitcoin Beach'
2026.08.26 09:12:27
Bitcoin core contributor Jon Atack, who has resided in El Salvador since 2022, recently shared a firsthand account. When he paid for lunch with BTC at El Zonte, the famed "Bitcoin Beach", the clerk told him it was the shop’s first Bitcoin payment all month—an indication that BTC transactions in the area have shifted from common to nearly non-existent. When Atack tried to tip in sats, the three-year veteran staffer said he had forgotten how to use Bitcoin apps, describing the local Bitcoin payment ecosystem as "dead". Some travelers report scattered successful BTC payments in the region, and signs of Bitcoin acceptance still dot the town, but daily use has clearly declined. El Zonte was once the cradle of El Salvador’s Bitcoin narrative: in 2019, anonymous donors began distributing Bitcoin to the small town, and in 2021, El Salvador made BTC official legal tender. However, under a 2024 IMF loan agreement, El Salvador reclassified merchant Bitcoin acceptance as voluntary, triggering a sustained slump in on-chain payments. While Atack remains optimistic that El Salvador is still a leader in Bitcoin legislation and adoption, the payment fervor at "Bitcoin Beach" has effectively ebbed.
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