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El Salvador opens a Bitcoin embassy in Texas

El Salvador opens a Bitcoin embassy in Texas, Crypto Trading News

A new connection between the Central American nation and Texas was made Bitcoin born.

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

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

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

Much of the Texas government has publicly spoken out in favor of bitcoin of late, and this is another step in their commitment to the industry. El Salvador became the first sovereign country in the world to make Bitcoin legal tender, making history while challenging the fiat status quo.

Since then, the country has taken steps to create the first bitcoin-backed sovereign debt and host a successful conference, and is home to many projects powered entirely by bitcoin. Just like them Establishment of the Swiss Embassy While a step forward for El Salvador, this meeting between the country’s ambassador and Texas government officials marks another milestone in Bitcoin adoption.

Source: Crypto News Deutsch

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