Trading eggs with bitcoin!

[MeCsc]

Soon South America will have highest number of countries legalising Bitcoin. El Salvador started it, Guatemala, Paraguay, Brazil, Costa Rica and others are moving well towards it

El Salvador is in North America, not South America. Some countries only legalized bitcoin for it to become a taxable asset, I prefer to be in a country that do not completely ban it.

Oh thanks for the Correction

El Salvador is in North America, not South America. Some countries only legalized bitcoin for it to become a taxable asset, I prefer to be in a country that do not completely ban it.

Those that means they see Bitcoin as a type of investment?

[blackened515]

Costa Rica is trading on eggs market with bitcoin. The government of Costa Rica advise citizens to increase sales of eggs for nutrients and exchange of bitcoin should be allow to increase it demands in the country.

This is good news despite the situation of bitcoin some country still believes in it and wish it to spread viral. If integration of nations can advance the value of bitcoin like Costa Rica, we can build a stronger economy

There's one thing we always misinterpretes concerning Bitcoin. It can not be used in developing countries because the whole system of cryptocurrency might crashed down due to the poor state of the country economy. Bitcoin will not operates fully in most African countries because the government impose strict bans on crypto because they're frightened that it will surpassed their fiat currency and giving more volatility to the country economy. Costa Rica is quite stable interms of budgets of the country and they're among country aiming for the best for their citizens. A welcome development for Costa Rica and the country will improved positively and a strong economy will triggered into action.

[mendace]

Costa Rica is trading on eggs market with bitcoin. The government of Costa Rica advise citizens to increase sales of eggs for nutrients and exchange of bitcoin should be allow to increase it demands in the country.

This is good news despite the situation of bitcoin some country still believes in it and wish it to spread viral. If integration of nations can advance the value of bitcoin like Costa Rica, we can build a stronger economy

the use of Bitcoin as a medium of exchange depends on people's willingness to accept it as a form of payment.  While there are many people who believe in the potential of Bitcoin, there are also many people who are skeptical and prefer to use traditional currencies such as the dollar or the euro.If Costa Rica can increase the demand for Bitcoin through the use of eggs, it will be interesting to see if other nations follow suit.

[CryptoHeadlineNews]

Soon South America will have highest number of countries legalising Bitcoin. El Salvador started it, Guatemala, Paraguay, Brazil, Costa Rica and others are moving well towards it

El Salvador is in North America, not South America. Some countries only legalized bitcoin for it to become a taxable asset, I prefer to be in a country that do not completely ban it.

That is a very good development by the government of Costa Rica, making the use of Bitcoin easily accessible by everyone in that country to the extent of even trading eggs for Bitcoin. However, both El Salvador and Costa Rica are two countries not that far away from each other, of which they are likely to be next in line of the number of North American countries that have officially adopted Bitcoin as legal tender.
Secondly, I see no reason why not to stay in a country where Bitcoin is fully legalized, because as a good citizen, it is our duty to pay task and not run away from our basic responsibilities, in as much as government uses that for the good of everyone in that country and not embezzled the funds.

[boyptc]

I understand that it's only specific for trading bitcoin<->eggs but there will be more to it soon.

But that's a good news and bringing good vibes to the market and for Costa Rica. That's a nice approach by the government since it's a consideration that bitcoin = money for them if they allow it to happen.

Aside from that trade, this will open the idea of other citizens that why is it just only used for trading egg. They can also use it for their other goods and commodities since they've been considering the acceptance of bitcoin to trade for their eggs.

[drwhobox]

Great news indeed, it seems like the government of Costa Rica is looking for a better alternative to fiat. Buying Eggs with bitcoin will not only make bitcoin more demanding it also increase the adoption rate among normal people of that country.

I hope every other country is going to make these kinds of steps to adopt bitcoin and cryptocurrency into their financial system. 

[fathafraink]

I think the topic of the op  is totally different from what is on the source of information as provided by@ fathafraink, am still trying to see where Costa Rica is mentioned as a country using bitcoin to make transactions in the egg market rather it's a clear picture of a grandmother accepting bitcoin in her egg business that is an individual thing not the Costa Rica as a Country.

Yes, it seems the OP gave wrong information regarding Costa Rica as a country that legalizes Bitcoin for buying eggs as example there. It's nothing more than click bait or indeed a lack of further tracing from the OP. I believe the OP can't provide the source of what he says " The government of Costa Rica advise citizens to increase sales of eggs for nutrients and exchange of bitcoin should be allow to increase it demands in the country ".

[GreatArkansas]

I can't wait for Costa Rica country will follow El Salvador which will start treating Bitcoin as legal tender, which means Bitcoin will become a currency that is accepted by a government as payment for debts, taxes, and other financial obligations is known as legal tender.

[mvdheuvel1983]

From what I have read, it seems Costa Rica situation is the same with El Salvador before they adopted bitcoin as a legal tender. In Costa Rica the US Dollar is used in addition to the Costa Rican Colón. I can therefore infer that their currency is weak. So, I think they are taking a cue from El Salvador, but they are trying to take it one step at a time. I saw on YouTube someone actually paying for eggs with bitcoin. The striking thing is that the seller was in her sixties. Bitcoin in transactions is surely easy to understand. I hope to see what's next for this central American country.

[Kakmakr]

Well, allowing people to pay for eggs are one step closer to allowing people to use it as legal tender.... right.    I think it is a trial run to see if it will work or not and if people will actually use their bitcoins as a currency.

I think, if all the governments of the world start accepting Bitcoin as legal tender... more than 80% of the world will still hoard their coins and use it as a commodity to trade and profit. 

[Flexystar]

I saw a similar video tweet from Bitcoin Magazine on Twitter earlier today. https://mobile.twitter.com/BitcoinMagazine/status/1643012333235580928/mediaViewer?currentTweet=1643012333235580928&currentTweetUser=BitcoinMagazine
 
Costa Rica is a Bitcoin-friendly nation; the country already has about five or more Bitcoin ATMs that are publicly accessible. They have been revolving around in a few ways trying to promote and adopt the Bitcoin currency in their possible ways, which I find interesting, and I think it will really be of great interest if they can allow that going with a bigger move like trying to impose the use of the currency on the people or using any means to regulate it within their jurisdiction, which will give them a way to tax all Bitcoin-related purchases in the country.

Just as @_act_ said, it's really better for one to stay in an environment where its citizens are crypto-friendly but the government is neither against nor for crypto. That will really pave the way for freedom from tax law and other monitoring policies that might be incurred from that.

I am not sure if the given source which was published by Bitcoin Magzine is true or not but that is an interesting way to attract people. If Costa people are into Bitcoin then definitely it will help the Government to boost the eggs sale while on the other hand, Bitcoin adoption will also rise with time. Obviously, this is just local news if it is true and it's gonna have a micro effect on the entire Bitcoin network.

As long as the news does not spread out like a fire with valid sources, it is going to stay in the costa rica itself. Imagine the effect if they start giving away a coupon for every nutrient diet the locals follow. May be they should add bonuses like, using public transport and earning X satoshi or something similar. Could boost the adoption.

[jeraldskie11]

Soon South America will have highest number of countries legalising Bitcoin. El Salvador started it, Guatemala, Paraguay, Brazil, Costa Rica and others are moving well towards it

It is very nice to know that Bitcoin is now going legalized in different countries. This has a very big impact on Bitcoin, especially on other altcoins. Most of the people who know about Altcoins, they know about Bitcoin first. The design of Bitcoin is that the price will continue to rise due to its limited supply. It's price will increase if the demand also increases. That's why the exposure is very helpful in increasing its value. Since Bitcoin is not legally accepted in all countries, this is a great opportunity for us, those who have small businesses that accept Bitcoin payment. It's even more advantageous if you do accept Bitcoin payment in your business now than the next time it's accepted globally because the price is so high. So because its price is very high, as well as its market cap. So the volatility of it will decrease, that's why it's also one of the things that interest many people who enter the crypto space, volatility.

[borovichok]

I can't wait for Costa Rica country will follow El Salvador which will start treating Bitcoin as legal tender, which means Bitcoin will become a currency that is accepted by a government as payment for debts, taxes, and other financial obligations is known as legal tender.

The citizens will benefits more profits from bitcoin when the country accepts it as legal tender and they're developed country already. Bitcoin is popular and generalized form in the space. It's acceptable and legal interms of payment of debts and running the affairs of businesses. Costa Rica will follow the footsteps of El Salvador in making bitcoin a legal tender in the country. Business transactions will go smoothly in the market because bitcoin is legit and very fast interms of payment transactions, incomparable to the fiat currency.

[xSkylarx]

Ive also seen a video on it in social media about vendors accepting bitcoin as payment for the eggs they sell, but I can't recognize the app they used. It is really nice to hear this kind of thing because that country will really legalize bitcoin once they accept it and do transactions on it. What amazes me most is that, for sure, most merchants, even small ones, will be more technologically literate.