Bitcoin Beach Spawns Offshoot – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

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As a former resident of Venezuela, Josef Dvoracek knows a thing or two about inflation, economic mismanagement, and the risks of fiat currencies.

That’s why he’s been among the most enthusiastic pioneers of a new bitcoin payments ecosystem that has sprung up in this lush southern region of Costa Rica known as the Costa Ballena (Whale Coast).

Dvoracek, a 71-year-old Czech national who sells artisan bread with his Venezuelan wife at local food markets, said he is now doing around 25% of his sales through the new Bitcoin Jungle wallet. Aside from giving him the option of earning bitcoin, he says the biggest advantage of using it has been saving the fees of up to 8% that he loses with credit card sales.

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