El Salvador to Open a ‘Bitcoin Embassy’ in the United States
El Salvador's ambassador to the United States, Milena Mayorga, announced the opening of a second bitcoin embassy in a meeting with Texas Undersecretary of Government Joe Esparza.
She wrote that the two sides also discussed expanding trade and economic exchange projects.
The first bitcoin embassy opened in the Swiss city of Lugano in October 2022.
In September 2021, authorities in El Salvador recognized bitcoin as a legal means of payment. The IMF criticized the decision and recommended depriving the cryptocurrency of this status.
In July 2022, the country's Finance Minister Alejandro Zelaya said that the introduction of digital gold expanded access to financial services to a largely unbanked population, attracting tourists and investment.