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El Salvador to inaugurate Bitcoin City backed by $1B Bitcoin bonds
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El Salvador continues to lead the Bitcoin (BTC) adoption drive as President Nayib Bukele announces the launch of Bitcoin City, which will be funded initially by $1 billion Bitcoin bonds.
The initiative was first announced by Bukele at El Salvador’s Bitcoin Week conference, which sought to celebrate Bitcoin’s mainstream adoption in the country and increase citizen participation.
"Pensé que teníamos que dar un anuncio grande en esta #BitcoinWeek. Así que hoy quiero anunciar que vamos a construir la primera #BitcoinCity", Presidente @nayibukele. pic.twitter.com/7yHQLyIjBx
In Bukele’s words:
The development of Bitcoin City will see the proactive involvement of prominent crypto companies including cryptocurrency exchange Bitfinex and Adam Back’s
Read more on cointelegraph.comAbout this in other media
Mainstream Analysts Pour Scorn on El Salvador’s Financial Plans and Bitcoin Intentions cryptonews.com /3 years ago
El Salvador Buys Bitcoin Dip Again, WisdomTree Launches 3 Crypto ETPs + More News cryptonews.com /3 years ago
Bitcoin climbs back above $57,000 as cryptocurrencies rebound from sell-off cnbc.com /3 years ago
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