23 November 2021

Plans for a “Bitcoin City” in El Salvador

Written By FinTech Alliance

Plans for a “Bitcoin City” in El Salvador

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. 

Read more here. 

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