El Salvador plans to build the world’s first “Bitcoin City” which will be funded initially by bitcoin bonds, President Nayib Bukele said on Saturday, doubling down on the Central American country’s bet on the crypto currency.

Speaking at an event to mark the close of a week to promote bitcoin in El Salvador, Bukele said the city planned in the east of the country would get its energy supply from a volcano and would not levy any taxes except for value added tax (VAT).
“We’ll start funding in 2022, the bonds will be available in 2022,” Bukele told a cheering crowd at the event.
Speaking alongside Bukele, Samson Mow, chief strategy officer of blockchain technology provider Blockstream, said El Salvador would initially issue a $1 billion bond backed by bitcoin to begin raising funds for the planned city.
El Salvador in September became the first country in the world to adopt bitcoin as legal tender.
Reuters
Now Playing: Love Bug
Aretti Adi
SPONSORED LINKS
LOAN FOR TRAVEL, VISA, JAPA, PoF UP TO N200M (CLICK HERE)
[CLICK HERE] For Music Artwork, Website Design And SEO Setup
INSTALL 9JAFLAVER MUSIC APP, STREAM, DOWNLOAD, AND PLAY MUSIC OFFLINE
CHECK OUT FUNNY PICTURE AND MEME HERE (CLICK HERE)
Chissom Anthony – Glory To God In The Highest [See Trending Gospel Song]
Copyright © 2014-2025 9jaflaver. All Rights Reserved.
About us | DMCA | Privacy Policy | Contact us
| Advertise| Request For Music | Terms Of Service
9jaflaver is not responsible for the content of external sites.