A new link between the Central American nation and Texas has been born from Bitcoin.
After opening its first Bitcoin Embassy in Lugano, Switzerland, El Salvador will open a second in Texas.
according to a cheep of the Ambassador of El Salvador in the United States, Milena Mayorga, a meeting was held between her, other representatives of El Salvador and the Undersecretary of Government of Texas, Joe Esparza.
“We discussed the opening of the second Bitcoin embassy and the expansion of commercial and economic exchange projects,” said Mayorga, who also noted that “In 2022, El Salvador and the State of Texas had a commercial exchange of $1,244,636,983.”
Much of the Texas government has been publicly pro-Bitcoin lately, and this is another step in their involvement with the industry. El Salvador became the first sovereign country in the world to make Bitcoin legal tender, making history while also challenging the fiat status quo.
Since then, the country has taken steps to create the first bitcoin-backed sovereign debt bonds, as well as hosting a successful conference, and is home to many Projects fully powered by Bitcoin. Just like him establishment of its embassy in Switzerland was a step forward for El Salvador, this meeting between the country’s Ambassador and representatives of the Government of Texas is another milestone in its adoption of Bitcoin.
