Volcano Bond Erupts! 🔥 El Salvador's Crypto Dream Gets Greenlight 🤑 #BitcoinCity #VolcanoBond
El Salvador is gearing up to launch its much-anticipated Volcano Bond in early 2024. This unique crypto-backed bond, approved by the country's Digital Assets Commission in December 2023, aims to raise funds for two key initiatives: repaying national debt and financing the construction of Bitcoin City, a futuristic metropolis powered by geothermal energy. The bond will be issued on the Bitfinex Securities Platform, marking another step in El Salvador's ambitious journey to become a global hub for crypto innovation. This move comes as no surprise, considering the country's strong pro-Bitcoin stance and its previous foray into the crypto mining world with a $1 billion project. With the Volcano Bond on the horizon, El Salvador is undoubtedly setting the stage for an exciting future intertwined with cryptocurrencies.
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