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El Salvador Plans to Open 'Bitcoin Embassy' in Texas
The Central American country wishes to open a bitcoin embassy in "new ally" Texas, Mayorga said on Twitter, to aid "expansion of commercial and economic exchange projects."
El Salvador is in discussions to open a "bitcoin embassy" in Texas, El Salvador's Ambassador to the U.S., Milena Mayorga, said on Tuesday.
The Central American country wishes to open a bitcoin embassy in "new ally" Texas, Mayorga said on Twitter. The embassy will aid "expansion of commercial and economic exchange projects," Mayorga said following a meeting with the state's Secretary of State, Joe Esparza.
STORY CONTINUES BELOW
El estado de Texas, nuestro nuevo aliado.
— Milena Mayorga (@MilenaMayorga) February 14, 2023
En mi encuentro con el Secretario Adjunto del Gobierno de Texas, Joe Esparza @TXsecofstate, abordamos la apertura de la segunda Embajada #Bitcoin y de ampliar los proyectos de intercambios comerciales y económicos. 🇺🇸🤝🇸🇻 pic.twitter.com/NcmOjeadl6
El Salvador agreed to open a similar establishment in Lugano, Switzerland, in October with the aim of encouraging adoption of bitcoin across Europe.
It can be assumed that an equivalent in Texas would have a similar aim for bitcoin adoption in the U.S.
El Salvador became the first country to adopt bitcoin (BTC) as legal tender in 2021 and has recently approved a law that will facilitate the issuance of a bitcoin-backed bond.
Read more: El Salvador Pays Back $800M Maturing Bond, President Nayib Bukele Says
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
