El Salvador to build cryptocurrency-fuelled ‘Bitcoin City’

In a rock concertlike atmosphere, El Salvador President Nayib Bukele announced that his government will build an oceanside “Bitcoin City” at the base of a volcano. Bukele used a gathering of Bitcoin enthusiasts on Saturday night to launch his latest idea, much as he used a an earlier Bitcoin conference in Miami to announce in a video message that El Salvador would be the first country to make the cryptocurrency legal tender, A bond offering would happen in 2022 entirely in Bitcoin, Bukele said.

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