Explore the use of Bitcoin as everyday currency in the tourist cities of Jericoacoara, Rolante, and São Thomé das Letras. Learn how the Lightning Network is crucial in facilitating Bitcoin transactions as a payment method.

Store of Value or Medium of Exchange?

Bitcoin (BTC) is emerging as a reliable store of value with a market capitalization exceeding US$1 trillion, surpassing several national currencies like the Russian ruble and Swiss franc. The Lightning Network plays a key role in enabling small bitcoin transactions and everyday purchases on top of Bitcoin’s base layer settlement network.

In cities like Jericoacoara, São Thomé das Letras, and Rolante in Brazil, the Lightning Network has gained popularity for daily transactions, driven by local nonprofit projects.

Discover more about these pioneering initiatives leveraging Bitcoin for everyday use.

This article was originally published on the Brazilian blog Coinext, offering educational insights into Bitcoin and the digital assets market.

São Thomé das Letras

São Thomé das Letras, known for its mystical charm, has embraced Bitcoin through the Mountain Bitcoin project. Local businesses now accept Bitcoin payments through the Lightning Network, bringing digital currency to the community.

Innovative projects like Mountain Bitcoin have sparked interest in Bitcoin among residents, especially younger generations fascinated by the technology.

Jericoacoara

Jericoacoara, dubbed Praia do Bitcoin, has pioneered the use of Bitcoin as a currency, inspired by successful initiatives like El Zonte in El Salvador. The integration of Bitcoin with the Lightning Network has accelerated adoption among local businesses and residents.

Rolante

Rolante, a small city in southern Brazil, has seen over 200 businesses embrace Bitcoin through the Bitcoin É Aqui project. The Lightning Network is the preferred method for settling Bitcoin payments, driving tourism and economic growth in the region.

Brazil and other Latin American countries are leading the way in Bitcoin adoption, leveraging the digital currency as an alternative to traditional payment methods. Initiatives like Praia Bitcoin, Montanha Bitcoin, and Bitcoin É Aqui demonstrate the potential for widespread adoption of Bitcoin as a global medium of exchange.