Bitcoin Jungle - Costa Rica Verified listing

The Bitcoin Jungle - Costa Rica was founded in 2021 by Lee +3, inspired by the original Bitcoin Beach experiment from El Salvador. It has 05~10 team members, an estimated +1000 bitcoiners and 100~199 merchants accepting Bitcoin, making 1000~5000 daily transactions.

Adopted wallets:
Bitcoin Core, Bitcoin Jungle Wallet, LNBits

Adopted tools:
Bitcoin Core, Lightning, Ligning Address, BTCPayServer, Galoy Mobile

Bitcoin Jungle was founded by a group of Bitcoin enthusiasts and advocates who saw the potential of Bitcoin to revolutionize finance and empower individuals. The community grew organically through meetups, educational events, and grassroots efforts to spread knowledge about Bitcoin's technology and its benefits.

The first business in Costa Rica to adopt Bitcoin was the farmer’s market, Eco Feria, in Dominical. This farmer’s market is Tica owned and operated. The friction of payments between vendors (mostly Tico) and customers (mostly Foreign) was a real pain point for this community-run farmer’s market.

Customers found it difficult and expensive to withdraw cash at the ATMs and found the barriers of entry to accepting credit cards to be too high. Combine that with the fact that foreigners largely don’t have access to SINPE Movil and this inefficiency in payments was truly cumbersome.

Using Bitcoin as a form of payment was so successful among the vendors that word spread to all the tourism based companies in the area that Bitcoin could be used as a faster, easier & cheaper way to accept payments from foreigners for their goods and services.

1. Expansion of Educational Initiatives: Increasing efforts to educate the public about Bitcoin and blockchain technology through workshops, seminars, and online resources.
2. Community Building: Strengthening the local Bitcoin community by organizing more meetups, networking events, and collaborations with other cryptocurrency enthusiasts and organizations.
3. Advocacy and Regulation: Continuing advocacy for Bitcoin-friendly regulations in Costa Rica and promoting a supportive regulatory environment for digital currencies.
4. Innovation and Development: Supporting local Bitcoin startups, developers, and entrepreneurs to foster innovation in blockchain technology and applications.
5. Integration of Bitcoin in Commerce: Encouraging businesses to accept Bitcoin payments and facilitating partnerships with merchants to promote its use as a medium of exchange.
6. Global Connections: Establishing connections with the global Bitcoin community and participating in international conferences and events to share knowledge and experiences.