El Salvador has disclosed plans to move a step further on its bitcoin adoption plans with the set up of a new Bitcoin embassy in Texas. Milena Mayorga, the Ambassador of El Salvador to the US, made this disclosure yesterday, adding that she had met with Joe Esparza, the State Government’s Assistant Secretary, to discuss “the opening of the second Bitcoin embassy in Texas” as well as “the expansion of commercial and economic exchange projects.”
Since legalizing Bitcoin acceptance in 2021 and opening the first Bitcoin embassy last year in Lugano, Switzerland, El Salvador has continued to fire all cylinders in its quest to promote Bitcoin. Recently, the country’s president had taken to Twitter to lash out at critics predicting a possible debt default crisis moments after settling its $800 million bond debt in full despite the apex currency falling >%60 below its November 2021 all-time high.
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