El Salvador President Announces Coming “Bitcoin City”

Nayib Bukele announced at Bitcoin Week over the weekend that El Salvador is going to create Bitcoin City.  We’ve gone from magic internet money to this

El Salvador to inaugurate Bitcoin City backed by $1B BTC bonds

“The president envisions Bitcoin City to become a fully functional city with residential areas, shopping centers, restaurants, a port, ‘everything around Bitcoin.’ Moreover, the residents be subject to only value-added tax (VAT), which according to Bukele will be used to pay the municipality’s bonds, and the rest for public infrastructure and city maintenance.”

https://cointelegraph.com/news/el-salvador-to-inaugurate-bitcoin-city-backed-by-1b-bitcoin-bonds

 

Master Asked on November 22, 2021 in Bitcoin.
Add Comment