02-15-2023 icon

El Salvador plans to open Bitcoin Embassy in Texas

By Lucy Adegbe
El Salvador

El Salvador’s Ambassador to the United States has revealed that the Central American country is planning to open a “Bitcoin embassy” in Texas. 

El Salvadoran ambassador Milena Mayorga said on Twitter yesterday that she had met with Texas Deputy Secretary of State Joe Esparza to discuss the idea. 

The Texas Secretary of State confirmed to Decrypt that they met with El Salvador’s ambassador to the U.S. “to discuss opportunities for cultural and commercial exchange,” but would not elaborate. 

It is not clear exactly what the embassy will do other than educate the public on the world’s biggest cryptocurrency. 

El Salvador last year opened a “Bitcoin office” in Lugano, Switzerland to spread adoption of the cryptocurrency in Europe. It also signed a Memorandum of Understanding on economic cooperation with the city. 

The Swiss initiative is intended to support “initiatives to drive the adoption of Bitcoin and other cryptocurrencies across their respective regions” as well as “fostering the exchange of students and talents between El Salvador and Lugano,” the countries announced at the time.