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Published 2 years ago

What we know so far about El Salvador’s volcano-powered bitcoin bond

Summary

El Salvador plans to build the world’s first “Bitcoin City” with money from a $1 billion bitcoin-backed bond the country’s President Nayib Bukele said on Saturday.Here is what we know about the proposed bond and some of the details that still need to be filled in. WHAT WE KNOWBukele said El Salvador planned to issue the bond in 2022, suggesting it could be as soon as in 60 days time.

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What we know so far about El Salvador’s volcano-powered bitcoin bond

El Salvador plans to build the world’s first “Bitcoin City” with money from a $1 billion bitcoin-backed bond the country’s President Nayib Bukele said on Saturday.Here is what we know about the proposed bond and some of the details that still need to be filled in. WHAT WE KNOWBukele said El Salvador planned to issue the bond in 2022, suggesting it could be as soon as in 60 days time. Half of the $1 billion sum would be converted to bitcoin and t…

2 years ago·Fiji

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