More and more Bitcoin villages are springing up around the world . Yesterday, Zambia officially launched its first Bitcoin community: "Bitcoin Victoria Falls." Located in Livingstone, near the famous Victoria Falls, the Bitcoin village has established itself in the heart of the country's tourist attraction.
This is the first Bitcoin circular economy in Zambia. The Livingstone-based community's goal is to foster financial empowerment, democratize bitcoin education, and accelerate economic opportunities in the region.
The people behind this imitative are » Bitcoin Diary " who organized Bitcoin meet-up in the country, as well as the bitcoin educator Mabvuto banda. This one will be in charge of giving courses and training on bitcoin, following the program of “ Mi Primer Bitcoin", which serves as a national program in El Salvador.
As a first step, the Victoria Falls Bitcoin village in Zambia will first try to train merchants in bitcoin payments.
A new village of bitcoiners in Africa
The initiative received the support of many people and organizations including the village Bitcoin Ekasi in South Africa, Bitcoin Beach in El Salvador, and other active members of the Bitcoin ecosystem. The village has a dedicated page on the bitcoin crowdfunding site » Geyser » in order to be able to receive other financial support from the community.
The first Bitcoin village operating within a circular economy model based on Bitcoin is the village of El Zonte in El Salvador, better known today as Bitcoin Beach. The documentary "Dare to Dream," which traces its history and operation, shows how Bitcoin can leverage a local economy. The use of Bitcoin has attracted new tourists (familiar with Bitcoin), created new businesses, and facilitated money transfers within the village.
Following what is considered by many to be a success, many other bitcoin villages have appeared around the world, particularly in Africa. Thus, with this new community in Zambia, participants hope to stimulate financial inclusion while creating new economic opportunities for the region.
Strong appeal for Bitcoin in Zambia despite a strict regulatory framework
In Zambia, cryptocurrency is not recognized as legal tender. In 2019, the Bank of Zambia stated in an official document that the use and payment of cryptocurrency was not legally permitted.
However, in April 2023, the Minister of Science and Technology, Felix Mutati, stated that tests were currently underway in the country to help amend existing regulations. The government acknowledges the growing public interest in Bitcoin and seeks to provide a suitable regulatory framework.
With this new village created, Bitcoin's progress in Africa continues its ever more rapid course…
See also:
- Bitcoin villages around the world
- The African village that mines bitcoin
- The documentary on Bitcoin Beach
- The progress of Bitcoin in Africa
Learn more about ZoneBitcoin
Subscribe to get the latest posts sent to your email.
