Diplomacy, trade and bitcoins – Since September 7, 2021, Bitcoin (BTC) made the banks bend At salvadorbecoming the legal tender currency from the country. The success of this adoption is attracting enormous interest from other parts of the world, even among the wealthiest. Today it is in the U.S. state of Texas that bitcoin takes its clothes offambassador of El Salvador.
After Switzerland, Texas is opening up to Bitcoin and El Salvador
The choice of Bitcoin as the national currency salvador made the small Central American nation a true standard meter of adoption cryptocurrencies. His example is scrutinized closely internationally. As much by the enemies of the king of cryptos, as by his admirers, for that matter.
At the end of last year, a first ” bitcoin office of El Salvador (a kind of embassy dedicated to Bitcoin) was inaugurated in the city of Lugano in Switzerland (canton of Ticino). This only seems to be the beginning of a long series, since it would now be a question of opening a second bitcoin pharmacy in texas this time.
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Trade exchanges boosted by the king of cryptos?
There new was announced on February 14, 2023 by the Ambassador of El Salvador to the United States, Milena Mayorga. The latter met Jose “Joe” Esparza, the assistant secretary of state of Texas. It emerged from their discussion that the tradeflourishing between these two regions of the world, could still be improved through collaboration around the many opportunities offered by Bitcoin and its peer-to-peer payments network.
“(…) During my meeting with the Assistant 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.
Thanks to Secretary Joe Esparza for having us. He shared with us the following important fact: in 2022, El Salvador and the State of Texas had a trade exchange of 1.24 billion dollars. »
Although a modest nation of 6 million inhabitants, El Salvador wants to be in Top position on Bitcoin, at the forefront of adoption cryptocurrencies in its economy. Thus, in addition to spreading the aura of BTC abroad, El Salvador has also just adopted a new law on the issuance of digital assets at the beginning of 2023. It should allow the issuance of the highly anticipated “Volcano tokens”which will be the first government bonds in the world to be based on Bitcoin.
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