23 November 2021
Written By FinTech Alliance in Blockchain
There are plans to build a city in El Salvador partly funded by a Bitcoin bond.
In Brief:
El Salvador’s president, Nayib Bukele, has set out plans for the city.
It will use geothermal energy and will be funded through VAT.
This comes after El Salvador became the first country to accept Bitcoin as legal tender.
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This decision aligns with the bank’s focus on digital transformation and improving online transaction processes for merchants.
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