Post
Topic
Board Bitcoin Discussion
Re: First Bitcoin City
by
masterrex
on 21/11/2021, 14:23:52 UTC
El Salvador have continued to take the lead in cryptocurrency adoption, first the country announced bitcoin as a legal tender some months ago and the latest is the official opening of a bitcoin city which will serve as a free trade zone that will house top exchanges and bitcoin mining farms. The president announced this project which is backed with a 1 billion dollars worth of bitcoin as a bond.
https://cointelegraph.com/news/el-salvador-to-inaugurate-bitcoin-city-backed-by-1b-bitcoin-bonds

El Salvador has the guts to implement that project despite all of the negative comments from the world biggest lenders like the World Bank and IMF, it seems that El Salvador has not deterred, and maybe if that project will become successful I think some of neighboring Latin American countries will follow that Bitcoin strategy so let us wait and see.