In addition to bringing Bitcoin to retail and consumers, MOTIV is also onboarding wholesalers and suppliers to the Pago Con Bitcoin program. The markets who participate in our program can now buy goods from the wholesalers in Bitcoin, and the wholesalers are paying a portion of their employee’s wages in Bitcoin. This final link in the Bitcoin economic chain is closing the loop on the circular economy. Now producers, distributors, retail, employees, and consumers are all integrated into the same circular economy built on Bitcoin.
Expansion of the circular Bitcoin economy is key to the complete adoption at an international level. The benefits of using Bitcoin as a utility and as a currency, have already been realized by participants in MOTIV’s programs as well as the participants in the programs of Bitcoin Beach in El Salvador. The more we can spread this utilitarian property of Bitcoin, the more it works to stabilize and raise the value of Bitcoin which further elevates these communities of previously marginalized or even excluded people beyond where their counterparts utilizing only fiat currency are at.