El Salvador will make financial history once again as it prepares to open the world’s first two Bitcoin banks before the end of 2025, according to Ambassador Milena Mayorga. The announcement was made during BitcoinDC, where she highlighted the country’s continued leadership in financial innovation.
Ambassador Mayorga confirmed that both institutions will operate using fiat currency and Bitcoin, reinforcing El Salvador’s commitment to integrating traditional and digital economies. This initiative builds on the nation’s pioneering role as the first country in the world to adopt Bitcoin as legal tender in 2021, under the leadership of President Nayib Bukele.
The upcoming Bitcoin banks aim to expand access to financial services, promote transparency, and attract global investors interested in blockchain-based financial systems.
El Salvador’s ongoing transformation has positioned it as a global reference point for cryptocurrency adoption, fostering dialogue on the future of finance, regulation, and digital sovereignty.