Nayib Bukele announces the creation of Bitcoin City in 2022

Nayib Bukele announces the creation of Bitcoin City in 2022

(CNN Español) – El Salvador’s President Neb Bokel on Saturday announced his government’s plan to start building a Bitcoin City starting in 2022 in the east of the country.

During his speech at the conclusion of the event on Bitcoin “Feel The Bit 2021”, Bukele explained that the city will contain residential and commercial areas and will be equipped with services, entertainment areas, restaurants, an airport, a port and a train.

The city will rise near the Conchagua volcano to harness its energy to run the city and a Bitcoin mine.

According to the president, the land will be ceded by the government, which will also provide public infrastructure and attract investors, on the basis of equal access, he promised.

Creditto: Marvin Recinos/AFP via Getty Images

In ‘Bitcoin City’ we will have mining, agriculture, culture and sports. “When we leave, this will continue and everyone will be able to see the city,” Bukele added during his presentation.

“Bitcoin Week” in El Salvador counted, for a week, with the participation of investors and experts in the world of cryptocurrency, among others.

The aim of the event was to share experiences and learn about the implementation of Bitcoin law in the Central American country, where the Latin American Bitcoin and Blockchain Conference was also held.

On September 7, El Salvador became the first country in the world to adopt bitcoin as a legal tender.

Through the government e-wallet Chivo, Salvadorans can make purchases and sell products and services using this cryptocurrency, although many users reported technical problems with executing transactions.

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The implementation of Bitcoin in El Salvador has also led to rallies and discontent from those who oppose its implementation.

Aygen Marsh

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