El Salvador is Opening a Bitcoin Embassy in the United States
blockchain.newsThe nation of El Salvador is creating a «Bitcoin Embassy» in the United States, making it the first government in the world to do so. Bitcoin (BTC) is the most popular cryptocurrency in the world.
In 2021, El Salvador became the first nation in the world to recognize bitcoin as a form of legal cash. Now, the country is extending its Bitcoin strategy via a new cooperation with the government of Texas. The intergovernmental partnership intends to establish a Bitcoin Embassy, also known as El Salvador's representative office, in Texas in order to collaborate on the development of new initiatives that seek to increase Bitcoin use.
Milena Mayorga, the Salvadoran Ambassador to the United States, broke the news in a message on Twitter on Feb. 14.
«During my meeting with the assistant secretary of the government of Texas, Joe Esparza, we discussed the opening of the second Bitcoin Embassy as well as the expansion of commercial and economic exchange projects,» Mayorga said. «We also discussed the expansion of commercial and economic exchange projects.»
The most recent Bitcoin project was launched only a few months after El Salvador established the world's first Bitcoin Embassy in the city of Lugano, which is located in the southern region of Switzerland, in October 2022. As a part of these efforts, the two pro-crypto jurisdictions have begun working toward the establishment of a physical governmental presence in order to foster collaboration in education and research institutes relevant to Bitcoin.
Samson Mow, who formerly served as the chief strategy officer at Blockstream, believes that the phenomenon of Bitcoin embassies is the next phase in the process of countries and cities embracing Bitcoin. According to what he
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