A Colombian entrepreneur is aiming to push Bitcoin’s circular economy with his Bitcoin-branded coffee but one Lightning developer says Bitcoin adoption rates by Medellín locals and in other parts of Colombia are lingering.
Bram Kumuly, an independent Lightning developer who once lived in Medellín, told Cointelegraph he felt a “new energy” amongst the Bitcoin community on his last visit to the city — making him optimistic that Bitcoin's presence there will remain long-term.However, Kumuly acknowledged that a wider crypto, nonfungible token and blockchain culture exists in Medellín whose values aren’t necessarily aligned with traditional Bitcoiners.
Kumuly mostly attributed this to Colombians not understanding how money works, how the Colombian peso is failing them and how Bitcoin offers an alternate solution. “Most people there still think Bitcoin is about trading and getting rich quick,” Kumuly said, adding many don’t realize Bitcoin could be a financial tool that can take power and control away from the politicians that many Colombians have little faith in.in Medellín which is still confined to Bitcoiners and isn't"very strongly or visibly expanding," says Kumuly.
"There might be more places accepting it, but currently, only six places that accept Bitcoin are marked on BTC Map and it has been like this for a long time already with no growth.” There are currently 106 stores in Colombia that accept Bitcoin as payment which lags behind the most Bitcoin-friendly country in the region of El Salvador with its 451 stores,
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