El Salvador President Bukele Announces Development Plan for "Bitcoin City"

El Salvador President Bukele Announces Development Plan for "Bitcoin City"

2022/5/13

According to reports, El Salvador’s president, Nayib Bukele, reportedly unveiled plans for the country’s planned Bitcoin City development shortly after the country’s latest purchase of 500 BTC. While details are scant and no completion date is mentioned, the Central American country's leader noted that the city would have plenty of greenery and blue seas. The scale model also shows night scenes, landmarks, and airports. In addition, the model shows photos of onlookers watching the volcano. The proposed city will also be located in the eastern region of La Union, near the Conchagua volcano, whose geothermal power will be used for bitcoin mining. To support the project, the government plans to seek to raise $1 billion in bitcoin-backed bonds, which are expected to mature in 2032 and bear an annual interest rate of 6.5%. However, in March 2022, El Salvador delayed its planned bitcoin bond issuance, citing unfavorable market conditions.

NOTICE
This is an original piece. Reproduction in whole or part without written permission is prohibited.
0
About products purchase, please contact our sales manager:
[email protected]

About miner repair and after-sale issues, please contact the repair manager email:
[email protected]

For business cooperation, please contact:
[email protected]

COMPLAINTS & SUGGESTIONS
If you have any dissatisfaction during the transaction or have valuable suggestions for us, please contact us via this email address:
[email protected]
Here is a list of scammers who scamming our customers, if you are chatting with them, please stop chat and let us know immediately:
Telegram:
@Zeusminingcrypto
@ZEUSMININGCRYPTOOFFICIAL
@bearacong

The scammers will change the accounts when they know they are exposed. So please be sure we only have these legal contact accounts which this page: https://www.zeusbtc.com/Contact-us.asp

CLOSE