El Salvador considering opening second bitcoin embassy in Texas to boost economic exchange
This week, El Salvador’s so-called ambassador to the US, Milena Mayorga, explained her meeting with Texas Secretary of State Joe Esparza, sparking a full report on her meeting with him. The ambassador adds that government officials are considering the possibility of opening a second bitcoin embassy in the state. In fact, they report that discussions have already cleared with officials in Lugano, Switzerland, about the concept of a similar bitcoin embassy. The English are told that Texas is our latest ally who is eager to work with us. Of course in my meeting with Texas Deputy Secretary of State Joe Esparza we concluded that we would work to open a second bitcoin embassy and discussed expanding commerce and economic exchange projects with that.
The proposal by the Ambassador of El Salvador comes in the wake of El Salvador approving a law to issue digital assets in January 2023 and a recent statement by the International Monetary Fund on El Salvador’s economy. The International Monetary Fund noted that El Salvador has certainly benefited from cryptocurrency-related risk avoidance due to the slow adoption and adoption of bitcoin nationwide. This development has been confirmed even after the comments of the President of El Salvador, Nayib Bukele, regarding this misinformation in the media.
El Salvador’s Finance Minister Alejandro Zelaya took to Twitter to refute the claims made by some international and national media and tweeted that “El Salvador has met its loan obligations and we need to announce We note that on this day we have paid in full the interest of the $800 million to be paid on the 2023 bond”.
It was noted in her own Twitter thread by the El Salvadoran ambassador, Mayorga, that Texas Secretary of State J. Joe Esparza gave a positive outlook on the relationship between El Salvador and Texas in terms of commerce and economic exchanges and the two entities exchanged $1,244,636,983 in 2022.