El Salvador, the Central American country that emerged as the first nation to officially adopt Bitcoin as a legal tender in September 2021 has announced plans to open a ‘Bitcoin Embassy’ in the United States. The country wants to open the office in Texas, one of the United States’ most crypto-friendly states.
Milena Mayorga, El Salvador’s Ambassador to the United States, announced the development on Tuesday through Twitter, noting that the country discussed “expanding commercial and economic projects” in its meeting with Joe Esparzam, the Assistant Secretary of the Government of Texas.
El Salvador disclosed the new plan over three months after it signed a memorandum of understanding on economic cooperation with Lugano, a city in Switzerland. Through the agreement, El Salvador and Lugano are seeking to enhance their cooperation in education and research as well as promote the adoption of Bitcoin and other digital assets. Meanwhile, in 2022, Lugano accepted Bitcoin as legal tender in the region and encouraged local businesses to accept crypto payments in everyday transactions.
