60 Minutes feature on El Salvador’s Bitcoin Beach will air Sunday

60 Minutes, the CBS news program that has been on air since 1968, will show El Salvador’s Bitcoin Beach in an episode that airs April 10.

60 Minutes tweeted Friday that they will air a segment about the crypto-friendly El Zonte. This is a village in El Salvador where visitors and residents can use Bitcoin (BTC), to pay anything, from utility bills to food. Sharyn Alfonsi was a journalist and reporter for the show and interviewed Mike Peterson about the project. Peterson encouraged residents to adopt crypto.

How did El Salvador’s town become known for its Bitcoin Beach? Sharyn Alfonsi and Mike Peterson meet Sunday to discuss how it all came about. pic.twitter.com/tHaHsTKFx1
60 minutes (@60Minutes), April 8, 2022

Bitcoin Beach was announced before the adoption of BTC in El Salvador. It was first announced by President Nayib Bugekele at the Bitcoin 2021 conference. The law was later enacted in September 2021. The president has made several BTC purchases since then, totalling 1,801 BTC as at January — approximately $77 million at time of publication.

Bitcoin Beach. Photo by Jack Farren

The Salvadoran Chamber of Commerce conducted a survey in March that showed that only 14% of respondents had used Bitcoin to transact since El Salvador’s Bitcoin Law was in effect. More than 90% of companies also indicated that Bitcoin adoption had had minimal impact on sales. The creation of Bitcoin City is a project funded in part by BTC bonds, and partly powered by geothermal energy from volcanoes, is progressing in the country.

Related: El Salvador, 45 Days: A Bitcoin-only Travel Story

60 Minutes will include more than just reports on cryptocurrency. It will also feature an exclusive interview with Ukraine President Volodymyr Zeleskyy, who will be reporting from the ground in war-torn Ukraine. For humanitarian aid and funding the country’s military against Russian forces, the Ukrainian government accepts donations in fiat and crypto.