A brand new hyperlink between the Central American nation and Texas has been borne out of Bitcoin.
After opening its first Bitcoin Embassy in Lugano, Switzerland, El Salvador is opening a second one in Texas.
According to a tweet from El Salvador’s Ambassador to the United States, Milena Mayorga, a gathering befell between her, different representatives of El Salvador and the Deputy 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,” Mayorga stated, additionally noting that “In 2022, El Salvador and the State of Texas had a commercial exchange of $1,244,636,983.”
The Texas Bitcoin Foundation, a public charity devoted to analysis and training about Bitcoin, coordinated the assembly between Salvadoran and Texas state officers and hosted the Salvadoran delegation in Austin.
Much of the Texas authorities has been publicly pro-Bitcoin as of late, and that is one step additional in its involvement within the trade. El Salvador grew to become the primary sovereign nation on the planet to make bitcoin authorized tender, making historical past whereas concurrently difficult the fiat established order.
Since then, the nation has made strikes to create the primary bitcoin-backed sovereign debt bonds in addition to internet hosting a profitable convention, and is residence to many tasks solely powered by Bitcoin. Just because the establishment of its Switzerland embassy was a step ahead for El Salvador, this assembly between the nation’s Ambassador and representatives of the Government of Texas is one other milestone in its adoption of Bitcoin.
