El Salvador is opening a ‘Bitcoin Embassy’ in the US

Bitcoin (BTC) is connecting even more countries as the government of El Salvador opens a ‘Bitcoin Embassy’ in the United States (US).

Bitcoin Embassy in Texas

On February 14, Milena Mayorga, the Salvadoran ambassador to the United States, announced that El Salvador is expanding its Bitcoin strategy through a partnership with the Texas government. The goal of this intergovernmental collaboration is to set up a Bitcoin embassy, ​​or a representative office of El Salvador in Texas. Mayorha said the following:

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 commercial and economic exchange projects.

The 2 governments want to collaborate on new projects to promote Bitcoin adoption. El Salvador adopted Bitcoin as legal tender in 2021.

The next step in Bitcoin adoption

Just a few months after opening the first Bitcoin embassy in Switzerland’s southern city of Lugano in October 2022, El Salvador has now launched a new Bitcoin initiative. The new partnership with the government of Texas is aimed at establishing a Bitcoin embassy in Texas. The goal is to promote Bitcoin adoption through new collaborative projects.

The phenomenon of Bitcoin embassies is seen as the next step in Bitcoin adoption by nation-states and cities, according to Samson Mow, former Chief Strategy Officer (CSO) of Blockstream. He explains that these initiatives involve cooperation between countries to develop new initiatives, such as alliances between places that have adopted Bitcoin. The first Bitcoin Embassy in Lugano is aimed at educational and research institutions related to Bitcoin.

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Amid rumors that Texas lawmakers are considering introducing a new bill calling for a “master plan for the expansion of the blockchain industry,” comes the news that El Salvador is expanding its Bitcoin strategy in Texas. The aim of this legal initiative is to make Texas the crypto capital of the country by introducing a series of measures, including tax-free shopping with the top cryptocurrency Bitcoin.

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