El Salvador plans to build the world's first 'Bitcoin City,' funded initially by bitcoin-backed bonds, President Nayib Bukele said, doubling down on his bet to harness the crypto currency to fuel investment.
El Salvador plans to build the world's first"Bitcoin City", funded initially by bitcoin-backed bonds, President Nayib Bukele said on Saturday, doubling down on his bet to harness the crypto currency to fuel investment in the Central American country.
Speaking at an event closing a week-long promotion of bitcoin in El Salvador, Bukele said the city planned in the eastern region of La Union would get geothermal power from a volcano and not levy any taxes except for a value added tax .El Salvador's bitcoin experiment is a warning to other countries"Invest here and make all the money you want," Bukele said in English, dressed all in white and wearing a reversed baseball cap, in the beach resort of Mizata.
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El Salvador to build 'Bitcoin City' powered by volcano's geothermal energyIn a rock concert-like atmosphere, El Salvador President Nayib Bukele announced that his government will build an oceanside “Bitcoin City” at the base of a...
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El Salvador to build cryptocurrency-fueled 'Bitcoin City'LA LIBERTAD, El Salvador (AP) — In a rock concert-like atmosphere, El Salvador President Nayib Bukele announced that his government will build an oceanside “Bitcoin City” at the base of a volcano. Bukele used a gathering of Bitcoin enthusiasts Saturday night to launch his latest idea, much as he used a an earlier Bitcoin conference in Miami to announce in a video message that El Salvador would be the first country to make the cryptocurrency legal tender,
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El Salvador plans to create a 'Bitcoin City' and raise $1 billion via a 'Bitcoin Bond'El Salvador plans to construct a 'Bitcoin City' near a volcano that will be funded by the cryptocurrency.
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El Salvador to build world's first 'Bitcoin City'The city will be circular, with an airport, residential and commercial areas, and feature a central plaza designed to look like a bitcoin symbol from the air.
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El Salvador plans first 'Bitcoin City', backed by bitcoin bondsEl Salvador plans to build the world's first 'Bitcoin City', funded initially by bitcoin-backed bonds, President Nayib Bukele said on Saturday, doubling down on his bet to harness the crypto currency to fuel investment in the Central American country.
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