El Salvador aims to build a second Bitcoin Embassy in Texas after opening its first in Lugano. El Salvador plans to open a “Bitcoin Embassy” in the US, continuing to push for wider adoption of the cryptocurrency even after losing millions of dollars on its high-profile bets on the token.
Milena Mayorga, the Salvadoran ambassador to the US, discussed her recent meeting with Texas Secretary of State Joe Esparza. Mayorga stated that government officials were considering the possibility of opening a second bitcoin embassy in the state.
He says that discussions had already taken place with authorities from Lugano, Switzerland about a similar bitcoin embassy concept.
Additionally, the country has started creating the first sovereign debt securities backed by Bitcoin. Furthermore, the government is the home for several projects that exclusively work with Bitcoin. A new link between Texas and Central America has been made possible by the new Bitcoin embassy effort.
The Salvadoran ambassador, Mayorga, noted in her own Twitter thread that Texas Secretary of State Joe Esparza had expressed a positive view of the relationship between El Salvador and Texas in terms of commercial and economic exchange.
Also read: El Salvador & Lugano sign MOU to spread Bitcoin Adoption
