El Salvador plans to construct a 'Bitcoin City' near a volcano that will be funded by the cryptocurrency.
El Salvador plans to construct a "Bitcoin City" near a volcano that will be funded by the cryptocurrency, the country's President Nayib Bukele announced Saturday.
El Salvador also plans to raise about $1 billion via a "Bitcoin Bond" in partnership with Blockstream, a digital assets infrastructure company.President of El Salvador, Nayib Bukele, gestures during his speech at the closing ceremony of the Latin Bitcoin conference at Mizata Beach, El Salvador, where he announced "Bitcoin City", on November 20, 2021.
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