The President Nayib Bukele, shared details about different projects that will promote the development of the country. Among them, Bitcoin City.
Through his Twitter account, the Head of State shared images where the different designs of the projects that will be executed around «Bitcoin City» are observed.
On November 20, 2021, President Bukele announced the construction of «Bitcoin City». The president explained that there will be residential and commercial areas, services, entertainment, and restaurants.
In addition, he explained that there will be an airport, port, and train that will be part of this city that will be built near the Conchagua volcano to take advantage of the generation of energy for the city and the mining of Bitcoin. For this to be possible, the government will provide the land, public infrastructure and attract investors; In addition, access will be equal to everything.
El Salvador has been the first country in the world where Bitcoin is legal tender since September 7. Salvadorans use this cryptocurrency to buy and sell products and services through the state electronic wallet Chivo; those who live abroad send remittances without paying commissions.