Nigeria Building Bitcoin Village

It seems Nigeria is creating its own answer to El Salvador’s Bitcoin Beach with their own “Bitcoin Village”.

https://bitcoinmagazine.com/culture/building-bitcoin-village-in-nigeria

Satoshis Journal founders Jeremy Garcia and Oluwasegun Kosemani of Satoshis Journal are working to build the first-ever Bitcoin Village in Lagos, Nigeria. They plan to power it with solar energy, mine Bitcoin onsite, educate the local community on Bitcoin and create a synergy of Bitcoin Core development with a STEM lab.

This won’t be the typical village that you see in Africa, entrenched in steamy jungles with no internet connection — this place is going to create a new economy in Nigeria using Bitcoin.

Nigeria has had its fair share of fear, uncertainty and doubt in regards to Bitcoin, whether this has come in the form of a government ban on cryptocurrency activity or in competition with the nation’s CBDC, the eNaira, which brings more challenges in establishing government-led adoption.

IT TAKES A VILLAGE
But this has not stopped Nigerians who see Bitcoin’s benefit in their daily lives. And creating a circular economy on a bitcoin standard could start with this Bitcoin Village in West Africa.

In a promotional video, Kosemani, who is breaking ground on the site, states, “We’re going to open up a Bitcoin village in Lagos, Nigeria. You would come here, spend your bitcoins, buy fish from the local fishermen, buy items from locals directly using the lightning network, and all that.”

A domestic water well and solar panels will allow continuous running water throughout the village and a boundless supply of energy to power the school, mining equipment, street lights and a hospital. The property is on private land in the heart of the financial metropolis of Lagos.