Crypto Updates

El Salvador Seeks to Establish ‘Bitcoin Embassy’ in Texas

Most Salvadorans Still Prefer US Dollar over Bitcoin, Survey Finds

El Salvador, the Central American country
that emerged as the first nation to officially adopt Bitcoin as a legal
in September 2021 has announced plans to open a ‘Bitcoin
Embassy’ in the United States. The country wants to open the office in Texas,
one of the United States’ most crypto-friendly states.

Milena Mayorga, El Salvador’s Ambassador
to the United States, announced the development on Tuesday on Twitter, noting that the country discussed “expanding commercial and economic projects”
in its meeting with Joe Esparzam, the Assistant Secretary of the Government of

El Salvador disclosed the new plan over
three months after it signed a memorandum of understanding on economic
cooperation with Lugano, a city in Switzerland. Through the agreement, El
Salvador and Lugano are seeking to enhance their cooperation in education and
research as well as promote the adoption of Bitcoin and other digital assets. Meanwhile, Lugano in 2022 accepted Bitcoin as legal
in the region and encouraged local businesses
to accept…

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