El Salvador Considers Opening Second Bitcoin Embassy in Texas to Boost Economic Exchange

On Feb. 14, 2023, Milena Mayorga, the Salvadoran ambassador to the United States, announced that her state is considering opening a 2nd bitcoin embassy successful the Lone Star State. Mayorga said that Texas is “our caller ally” and the extremity is to grow “commercial and economical speech projects.”

Ambassador Milena Mayorga Fosters Growing Relationship Between El Salvador and Texas

This week, Milena Mayorga, the Salvadoran ambassador to the U.S., discussed her caller gathering with Texas Secretary of State Joe Esparza. Mayorga stated that authorities officials were considering the anticipation of opening a 2nd bitcoin embassy successful the state. She noted that discussions had already taken spot with authorities from Lugano, Switzerland astir a akin bitcoin embassy concept.

“The authorities of Texas, our caller ally,” Mayorga tweeted. “In my gathering with the lawman caput of the Government of Texas, Joe Esparza … We discussed the opening of the 2nd [bitcoin] embassy, and the enlargement of commercialized and economical speech projects.”

The Salvadoran ambassador’s connection comes aft El Salvador’s support of the Digital Assets Issuance Law successful January 2023 and a caller ngo connection connected El Salvador’s system by the International Monetary Fund (IMF). The IMF noted that El Salvador had managed to debar cryptocurrency-related risks owed to the dilatory and tepid adoption of bitcoin successful the country. This improvement besides follows comments by Salvadoran President Nayib Bukele regarding disinformation successful the media.

El Salvador’s concern minister, Alejandro Zelaya, took to Twitter to refute claims made by immoderate nationalist and planetary media, tweeting: “El Salvador has met its indebtedness obligations. We denote that connected this time we person completed the outgo of the 2023 Bond for $800 million, positive interest.”

The Salvadoran ambassador, Mayorga, noted successful her ain Twitter thread that Texas Secretary of State Joe Esparza had expressed a affirmative presumption of the narration betwixt El Salvador and Texas successful presumption of commercialized and economical exchange, with the 2 entities having exchanged $1,244,636,983 successful 2022.

Will the imaginable opening of a 2nd bitcoin embassy successful Texas further fortify the narration betwixt El Salvador and the Lone Star state, and perchance boost the adoption of cryptocurrencies successful the region? Share your thoughts successful the comments below.

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