Texas, which recently saw a bill very favorable to Bitcoin (BTC) pass before its legislative assembly, should soon see the establishment of a “Bitcoin embassy” on its territory. The news was revealed by El Salvador’s Ambassador to the United States, who spoke with the Deputy Secretary of the Government of Texas. A partnership that shows promise for the adoption of Bitcoin.
El Salvador wants to develop Bitcoin in Texas
Milena MayorgaEl Salvador’s ambassador to the United States, revealed via Twitter that she had exchanged with Joe Esparza, the assistant secretary of the government of Texas, concerning “the expansion of commercial and economic projects” between the 2 states, but especially concerning the opening of a “Bitcoin embassy”.
El estado de Texas, nuestro nuevo aliado.
In mid interview with the Secretary Adjunto del Gobierno of Texas, Joe Esparza @TXsecofstateapproach the apertura of the segunda Embajada #Bitcoin y de ampliar los proyectos de intercambios commerciales y económicos. ????? pic.twitter.com/NcmOjeadl6
— Milena Mayorga (@MilenaMayorga) February 14, 2023
The project aims to develop the adoption of Bitcoin in Texas territory, similar to the partnership previously established between El Salvador and the city of Lugano, Switzerland, last October. This collaboration, which notably enabled the establishment of a local-scale payment network via the Lightning Network, was also supported by the giant Tether as part of its “Plan ₿”.
This announcement regarding the probable establishment of a Bitcoin embassy in Texas echoes a very recent bill proposed in the American state providing for a “master plan for the expansion of the blockchain industry”.
Among many proposals, this bill aims in particular to allow the purchase of products and services using Bitcoin and this at no cost. Even better, the possibility for the state of Texas to expose itself to Bitcoin is also mentioned in the project.
Mining activity, already mainly concentrated in Texas – on an American scale – should also be favored thanks to new training course for students so that they can acquire different technical skillsover the next few months.
? In The News – El Salvador: The IMF is still wary of Bitcoin, but seems to be softening its rhetoric slightly
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Passionate about the world of decentralized finance and the novelties brought by Web 3.0, I write articles for Cryptoast to help make the blockchain more accessible to everyone. Convinced that cryptocurrencies will change the future very soon.
Maximilien Prue
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