El Salvador, the only country to recognise Bitcoin as a legal tender, is planning to build an entire city based on the largest cryptocurrency Bitcoin, President Nayib Bukele announced to a gathering of Bitcoin enthusiasts on Saturday at Bitcoin Week in El Salvador. El Salvador’s “Bitcoin City” would be funded with the issuance of a $1 billion Bitcoin Bond. What is Bitcoin city? Further, there would be residential areas, malls, restaurants and a port in the Bitcoin city, Bukele said. “The Bitcoin Bond represents the start of a reformation of capital markets, built on Bitcoin and layer-2 technologies like the Liquid Network.

Source: Indian Express November 22, 2021 19:38 UTC