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Bitcoin City: El Salvador plans world's first city built with crypto bonds and powered by volcano
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euronews.comEl Salvador plans to build the world's first "Bitcoin City," funded initially by Bitcoin-backed bonds, President Nayib Bukele said on Saturday.
The move is being seen as a doubling down on his bet to harness the cryptocurrency to fuel investment in the Central American country.
Speaking at an event closing a week-long promotion of Bitcoin in El Salvador, Bukele said the city planned in the eastern region of La Union would get geothermal power from a volcano and not levy any taxes except for value-added tax (VAT).
"Invest here and make all the money you want," Bukele said in English, dressed all in white and wearing a reversed baseball cap, in the beach resort of Mizata. "This is a fully ecological city that works and is energised by a
Read more on euronews.comAbout this in other media
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El Salvador celebrates Black Friday, buys 100 BTC for 20% off cointelegraph.com /2 years ago
Bitcoin too volatile to be adopted as legal tender, says BoE chief cointelegraph.com /2 years ago
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