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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."
Updated Feb 15, 2023, 7:46 p.m. Published Feb 15, 2023, 12:55 p.m.
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.
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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 as legal tender in 2021 and has recently approved a law that will facilitate the issuance of a bitcoin-backed bond.
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Read more: El Salvador Pays Back $800M Maturing Bond, President Nayib Bukele Says
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