Praia Bitcoin Brazil, a Bitcoin education initiative, is planning to host its inaugural Bitcoin Carnival in Jericoacoara, a small fishing village in Brazil’s Ceara.

  • The first Bitcoin carnival will take place at the Praia Bitcoin Brazil project.
  • For attendees, the programme will include workshops and lessons.
  • This week, the national bank of Brazil started taking cryptocurrency.

In Jericoacoara, the first Bitcoin Carnival will be held by the Brazilian Bitcoin education effort Praia Bitcoin. The project intends to create a sustainable circular economy for the nation’s unbanked and underprivileged population.

Since its inception, the social project has received a lot of attention. Blockchain for Humanity recognised it as the top “social project with the largest impact in the world” during a presentation at LaBitConf Argentina 2022. Via practical instruction and a road plan for businesses in the area accepting bitcoin payments, the conference seeks to teach individuals how to utilise Bitcoin.

Brazil is Interested in Crypto

According to the most recent surveys, Latin America as a whole and Brazil specifically have the largest demand for cryptocurrencies worldwide. Many issues were addressed in the nation of 217 million people, including social unfairness, a lack of educational opportunities, and the greed of long-standing banking institutions. By educating the audience about the Bitcoin Lightning Network and how it can be utilised for regular transactions like taxes, Bitcoin Beach Brazil hopes to address the problem.

This follows the oldest national bank in Brazil beginning to accept bitcoin payments for paying taxes. Furthermore, since Bitcoin (BTC) was formally accepted as a form of payment in November 2022, the Brazilian government has been working on the legislation needed for this novel step.

Practice of Bitcoin at the Beach

Beginning on February 18, 2023, the event will last four days and feature six renowned keynote speakers, a carnival performance with a Bitcoin theme, and more. So, there are three possibilities for cryptocurrency fans who wish to attend the largest Bitcoin event in Brazil:

  • VIP entry costs 0.021 Bitcoin.
  • A tourist pass costs 0.005 BTC.
  • Resident entry fee: 0.000021 Bitcoin.

In a nutshell, admission to the lectures is provided by all three categories of event tickets. But, only VIP tickets offer the opportunity to attend private workshops and VIP dinner gatherings with the conference’s most notable figures. In contrast, only locals can purchase resident tickets.

On the other hand

  • The public’s concern about inflation is another factor driving interest in cryptocurrencies. A recent study by Gemini found that due to the ongoing economic unrest, most Latin Americans have greater trust in stablecoins tethered to the US dollar than in their local currencies.

Why It’s Important

The acceptance of cryptocurrency payments can be accelerated via bitcoin educational events that assist the general public become more financially literate.

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