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-bondsYou know, it is quite nice how El Salvador keep advancing everything that they have done. At first I thought that it was just going to be an ordinary Bitcoin adoption and that’s all, I’m surprised to see that they keep working hard and bringing up new ways and ideas on how they would move forward with their adoption of Bitcoin.
I’m seriously hoping that someday that this is going to benefit them, and I know that for sure, that it is going to happen. Bitcoin is a cryptocurrency that has a chance of increasing in value in future, and imagine in no distant future when it will be worth far more than what it is today, El Salvador will be one of those few countries that will be benefiting very well from it, and that’s because they have taken the lead earlier before others.