First BTC Payment Statement at El Zonte Restaurant
In a restaurant in El Zonte, El Salvador, a statement was made about the 'first Bitcoin payment of this month.' John Aitak, a Bitcoin Core contributor, reported this to Bitcoin.com News at 7:15 AM (Korean time) on the 25th. El Zonte is a symbol of Bitcoin payment experimentation, as it was the area where El Salvador adopted BTC as legal tender in September 2021. Aitak mentioned that Bitcoin payments have decreased compared to before, stating that most customers pay with cards. He also noted that a staff member forgot how to use the Bitcoin app, adding that his experience was merely anecdotal. Bitcoin journalist Juan Galt argued that for BTC payments to establish themselves in a circular economy, users must be willing to spend BTC. Conversely, another user mentioned that there were several indications of Bitcoin payments. There was an interpretation that the possibility of payment and the actual frequency of use should be distinguished. It was also discussed that as BTC is recognized as a store of value, the motivation for everyday payments may decrease.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

The Film 'Bitcoin' Portrays Craig Wright as Satoshi Nakamoto

Analyst Signals Trend Shift, Bitcoin May Have Reached Bottom

MemeBitcoin Completes $8 Million Financing

Pompliano predicts Bitcoin and AI as key assets for next 20 years

$70 Million Bitcoin Movie Reignites Craig Wright Identity Controversy

Partial seed loss may allow recovery, full loss prevents access

Dismantling of the Sality Botnet After 23 Years of Activity, $150,000 Stolen in Bitcoin

Bitwise: Bitcoin Correlates with Gold at Record Levels

Strive Holds 23,156 Bitcoins, Becoming the Fifth Largest Public Company by Holdings

European Savings Confiscation: Is State Appropriation of Private Assets Inevitable?

Arthur Hayes: Bitcoin Could Reach One Million Dollars by 2030, but Ethereum is My Top Choice

Bitcoin ETFs Saw $101.15 Million Inflows on September 2

Analyst Says Bitcoin Daily Chart Forms Descending Wedge, Market to Enter Consolidation Phase

NDV: Bitcoin, the Core Asset in the Era of Dollar and Bitcoin Overissuance

Remixpoint Sells $5.54 Million in Altcoins to Hold Bitcoin

Stablecoin Supply Ratio Indicator Rises to 3.74, Approaching 2024 High

BlackRock Purchases $1.16 Billion in Ethereum in 15 Days

Bitcoin: Buy High and Sell Low, Strategy Justifies and Explains Its Choices

Dollar hedge ratios at 11-year low, Bitcoin may be affected

New Fire Group's AUM Surpasses $200 Million in August, Trading Volume Hits Monthly Record

Standard Chartered brings institutional Bitcoin, Ether trading to UAE

Bitcoin Cycle May Shift from 4 Years to 6 to 8 Years

Virtune Chainlink ETP Launched on Warsaw Stock Exchange

10 Trillion Euros in Dormant Savings: What the EU Wants to Do with Your Money

Bessent names digital assets among possible targets in Iran sanctions push

Binance Sees $1 Billion Net Inflow of Stablecoins in August, $5.1 Billion Net Outflow Year-to-Date

Bonanza Lab Registers Patent for Digital Asset Index Calculation Technology

Cornell University Survey: 90% Awareness of Bitcoin but Only 13% Understanding; Japan Reports Highest 'Difficult to Understand' Responses Among 25 Countries

Scaramucci Predicts Bitcoin Price Rebound in October Amid Trump Regulatory Concerns











