After a buggy rollout of El Salvador's bitcoin wallet and delays to its bitcoin bonds, locals interviewed by CoinDesk have mixed feelings about President NayibBukele's bold plans for Bitcoin City. andresengler, doreenjwang and elainegija report:
A place with zero taxes, powered geothermally by a volcano and funded by bitcoin bonds. That is what La Unión, a small city in the eastern part of El Salvador, will become if President Nayib Bukele's ambitious plan comes to fruition.
Amilcar Alvarado is the manager of the La Unión outlet of Tienda Par2, a major shoe store franchise. He tells CoinDesk that most residents received the announcement of Bitcoin City positively. Anxel Miguel Flores Lainez, an agent in La Unión who helps people use the Chivo bitcoin wallet launched by the government last September, sees Bitcoin City as an opportunity for La Unión to receive foreign investments.
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