El Salvador plans to build Bitcoin city at the base of a volcano – Deutsche Welle


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El Salvador’s president, Nayib Bukele, plans to build a Bitcoin city at the base of the Conchaga volcano. The city will have the shape of a large coin and will use the volcano’s geothermal energy to power Bitcoin mining.

Salvadoran President Nayib Bukele said “dark forces” are behind a rise in crime in the country. Critics may view the military operation as the latest sign of increasing authoritarianism under Bukele’s leadership.
El Salvador has become the first country in the world to adopt bitcoin as legal tender. The government says the cryptocurrency will save people money, but many residents are skeptical.
Lawmakers have approved a law classifying Bitcoin as legal tender, making El Salvador the first nation to officially adopt a cryptocurrency.
If the bill is passed, the Central American country will become the first in the world to legally accept the well-known cryptocurrency.
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