Crypto

NEWS EL SALVADOR TO OPEN A BITCOIN EMBASSY IN TEXAS

A new link between the Central American nation and Texas has been borne out of Bitcoin.

After opening its first Bitcoin Embassy in Lugano, Switzerland, El Salvador is opening a second one in Texas.

According to a tweet from El Salvador’s Ambassador to the United States, Milena Mayorga, a meeting took place between her, other representatives of El Salvador and the Deputy Secretary of the Government of Texas, Joe Esparza.

“We discussed the opening of the second Bitcoin embassy and the expansion of commercial and economic exchange projects,” Mayorga said, also noting that “In 2022, El Salvador and the State of Texas had a commercial exchange of $1,244,636,983.”

The Texas Bitcoin Foundation, a public charity dedicated to research and education about Bitcoin, coordinated the meeting between Salvadoran and Texas state officials and hosted the Salvadoran delegation in Austin.

Much of the Texas government has been publicly pro-Bitcoin as of late, and this is one step further in its involvement in the industry. El Salvador became the first sovereign country in the world to make bitcoin legal tender, making history while simultaneously challenging the fiat status quo.

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