El Salvador is going to open a Bitcoin embassy in Texas, according to a tweet by El Salvador’s Ambassador to the United States.
The country has previously opened a Bitcoin embassy in Switzerland.
- El Salvador’s ambassador to the United States, Milena Mayorga, met with the deputy secretary of the government of Texas, Joe Esparza, to discuss the idea.
- Mayorga highlighted the economic exchange between El Salvador and Texas, which stands at $1.2B.
- El Salvador, famous for being the first country to adopt Bitcoin as legal tender, already has an active Bitcoin embassy in Lugano, Switzerland.
- The country aims to attract foreign investment using Bitcoin as a selling point. Its decision to adopt Bitcoin as a legal tender has been met with much criticism from international actors but has also won over cryptocurrency enthusiasts.
- El Salvador aims to build Bitcoin City, a futuristic city that uses Bitcoin as its base currency. The plans to build the city have not materialized so far.
