El Salvador Plans to Build an entire city named ‘Bitcoin City’

El Salvador is the country where bitcoin is a legal tender and is going to build an entire city based on the largest cryptocurrency bitcoin naming it “Bitcoin City”.

The president, Nayib Bukele, said on a Saturday night that he would start building an entire city named ‘Bitcoin City in El Salvador. The president wants to make the country the first ‘Bitcoin Nation’ on earth with its own cryptocurrency.

This is another step towards the digitalization of the country’s economy.

“Bitcoin City” will be located along the Gulf of Fonseca near a volcano and the president explained that the volcanic energy will be used for both the city and bitcoin mining.

The president wants to make the country the first ‘Bitcoin Nation’ on earth with its own cryptocurrency and this project will have an investment of about $1 billion dollars.

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