The Salvadoran ambassador to the United States, Milena Mayorga, announced the opening of a second Bitcoin embassy at a meeting with Texas Deputy Secretary of State Joe Esparza.
\n
The state of Texas, our new ally.
\n
In my meeting with Texas Deputy Secretary of State Joe Esparza @TXsecofstate, we discussed the opening of the second embassy #Bitcoin and expanding trade and economic exchange projects. 🇺🇸🤝🇸🇻 pic.twitter.com/NcmOjeadl6
\n
— Milena Mayorga (@MilenaMayorga) February 14, 2023
\n
\n
\n\n\n
She noted that the parties also discussed expanding trading and economic exchange projects.
\n\n\n\n
The first Bitcoin embassy was opened in the Swiss city of Lugano in October 2022.
\n\n\n
\n
The world’s first #Bitcoin diplomat representing the world’s first #Bitcoin nation in the first ever #bitcoin embassy of 🇸🇻 in Lugano
\n
@JosueLopezGal pic.twitter.com/jGsVZa09F9
\n
— Stacy Herbert 🇸🇻🚀 (@stacyherbert) October 28, 2022
\n
\n
\n\n\n
In September 2021, the Salvadoran authorities recognised Bitcoin as legal tender. IMF criticised the decision and recommended stripping the cryptocurrency of that status.
\n\n\n\n
In July 2022, the country’s finance minister Alejandro Zelaya said that the rollout of digital gold expanded access to financial services to a population largely outside traditional banking services, attracted tourists and drew investments.
\n\n\n\n
In November, the Salvadoran government opened the National Bitcoin Office. It will oversee all local projects related to the first cryptocurrency.