#bitcoincity

[bitcoincables]

The American Still Waiting for Bitcoin City in El Salvador

In El Salvador, an American crypto enthusiast named Corbin Keegan eagerly awaited the construction of "Bitcoin City," a futuristic metropolis powered by a volcano, after President Nayib Bukele announced the ambitious project. Keegan moved to the site of the planned development, Conchagua, more than two years ago. However, as time passed, Keegan grew increasingly disheartened as no progress was made on the project.

The delays and lack of progress have led to skepticism among the crypto community, who argue that the government's focus on Bitcoin City detracts from addressing more pressing issues such as poverty and crime. President Bukele remains optimistic, but Keegan and others have had to seek alternative employment or leave the country. The fate of Bitcoin City remains uncertain as El Salvador grapples with economic challenges and political turmoil.

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Related hashtags: #BitcoinCity, #cryptocurrency, #ElSalvador

[juancarlosphotog]

President Nayib Bukele talking about the future project #BitcoinCity during the final event of last year’s Latin American Bitcoin and Blockchain Conference (LABITCONF). / El presidente Nayib Bukele hablando sobre el futuro proyecto del #BitcoinCity durante el cierre de la Conferencia Latinoamericana de Bitcoin y Blockchain (LABITCONF) del año pasado. * * #EverydayElSalvador #LatinAmerica #CentralAmerica #NorthernTriangle #CryptoCurrency #BitcoinLegalTender #photojournalism #Bukele #Nayib #Democracy #hanslucas #DeBeeldunie #JuanCarlos #2022copyright * * * © Juan Carlos - All Rights Reserved / Todos los Derechos Reservados * * * Represented by Hans Lucas @studiohanslucas/@hl_latinamerica (France) and @beelduine De Beeldunie (Netherlands) (at El Salvador) https://www.instagram.com/p/Cgi0lA6AeDe/?igshid=NGJjMDIxMWI=

[murathplus]

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A post shared by Lazarus Jhon Teófilo Muratosky Xaviersky (@teofilomurath)

#nayibbukele #parati #viral #noticias #ggs #Domascha #bitcoin #bitcoincity #bitcoincityproject #blockchaintechnology https://www.instagram.com/p/ChkFCjNAxzQ/?igshid=NGJjMDIxMWI=

[sivarestilo]

La Libertad ♥️ El Salvador 🇸🇻 . . . . #elsalvador #cipotes #bicho #bicha #cipota #sansalvador #bichos #salvadoran #salvadoreños #smallbusiness #onlineshop #latino #lalibertad #sv #losangeles #surfcity #bitcoincity (at Los Angeles, California) https://www.instagram.com/p/Ce9ZjiCPQez/?igshid=NGJjMDIxMWI=

[crypto-mining-farm]

How Bitcoin is doing as an official means of payment

How #Bitcoin is doing as an #official means of #payment

In the meantime, half a year has passed since Bitcoin was introduced as an #official #means of payment in #ElSalvador. The President’s ambitious plans to build #BitcoinCity are now half a year old and have taken shape. A good time to draw conclusions. In this article you can find out what facts are currently on the table in El Salvador and how the country is doing. Tourist boom One thing hasn’t…

[asktorahulsingh]

DAY-121 #ElSalvador is preparing to introduce 20 bills to provide a legal framework for its upcoming #Bitcoin bonds. The funds raised will be used to build infrastructure for #BitcoinCity & buy more bitcoin. The president of El Salvador, #NayibBukele, announced in November his plan to issue bitcoin bonds worth $1 billion with a coupon rate of 6.5% in order to finance the construction of Bitcoin City. The Bitcoin city will be powered by a volcano and there will not be any taxes in there except for value-added tax (VAT), Bukele further said. The issuance of the bitcoin bonds is planned for this year. #Bukele predicted this week that it will be oversubscribed. He also noted that the construction of Bitcoin City is expected to commence this year. El Salvador passed a bitcoin law, making BTC legal tender alongside the U.S. dollar in September last year. Since then, the country has purchased 1,391 bitcoins. Every Indian in the #CryptoSpace Needed #BitcoinAsLegalTender https://t.co/Ap3WNnuao2 (at India इंड��या भारत) https://www.instagram.com/p/CYYTqymLJBA/?utm_medium=tumblr

[invesror2020]

​​🤓 Президент Сальвадора заявил, что в 2022 году еще две страны примут биткоин в качестве законного платежного средства 2 января президент Сальвадора Найиб Букеле поделился своими оптимистичными прогнозами в отношении биткоина на 2022 год. Президент Букеле предположил, что еще две страны присоединятся к Сальвадору и примут биткоин в качестве законного платежного средства в 2022 году. Также он ожидает бычий рост цены биткоина к новому рекордному уровню в $100 тысяч. Букеле также предвидит грядущий рост двух внутренних инициатив Сальвадора на основе BTC, а именно Bitcoin City и Volcano bond. Президент ожидает, что Bitcoin City станет полностью функциональным городом с жилыми районами, торговыми центрами, ресторанами и портом. «Прогнозы на 2022 год по Bitcoin: он достигнет $100 тысяч; еще 2 страны примут его в качестве законного платежного средства; он станет главной темой на выборах в США в этом году; начнется строительства Bitcoin City; подписка на облигации Volcano (криптовалютные облигации) превысит их предложение; огромный сюрприз на Биткоин Конференции в 2022», — написал Букеле. #биткоин #bitcoin #salvador #вместофиата #bitcoincity https://www.instagram.com/p/CYOhK1WqMGN/?utm_medium=tumblr

[bakmisonline]

El Salvador Devlet Başkan Nayib Bukele, BTC tahvilleriyle desteklenen dünyanın ilk Bitcoin Şehri'ni inşa edeceklerini açıkladı. Ülkenin doğusundaki bir yanardağın etrafında kurulacak olan şehrin kurulum maliyeti ise yaklaşık 300 bin Bitcoin olacak. #bitcoin #bitcoincity #btc #elsalvador #kriptopara #kriptoparaşehri (Turkey) https://www.instagram.com/p/CWkwD0XK3Ba/?utm_medium=tumblr

[cryptocurrency24news]

President @nayibbukele announced that El #Salvador would build #BitcoinCity at #Bitcoin Week 2021 last night. #ElSalvador Plans #Bitcoin City El Salvador is doubling down on its commitment to Bitcoin. President #NayibBukele announced that the Central American country, which introduced Bitcoin as legal tender in September, will be building a city dedicated to Bitcoin in a presentation at #BitcoinWeek 2021 last night. El #Salvadorpresidential office also tweeted the news following the announcement. https://www.instagram.com/p/CWjCLADMtus/?utm_medium=tumblr

[sergeypetrashch]

[gokumarketofficial]

📣 14% of #Salvadoran Businesses Have Transacted In #BTC: Chamber Of Commerce

👉 A recent survey by the #ElSalvador Chamber of Commerce revealed that the adoption of Bitcoin (#BTC) in the country has been relatively slow amongst businesses post the recognition of digital assets as a legal tender in #September.

👉 Amongst the 337 companies surveyed, about 14% had transacted in BTC after the law came into effect. 

👉 President of the country, #NayibBukele is shifting the focus to making BTC a crucial part of the economic growth strategy despite being warned by agencies like #IMF and #Moody.  

👉 El Salvador is planning to issue a volcano bond, aka Bitcoin bond worth $1 Billion, that will be funded to create the #BitcoinCity – a metropolis that will harness geothermal energy to mine the #digitaasset.

Learn more...👇

https://linktr.ee/gokumarket    #GokuMarket #BlockchainEconomy #BitcoinAdoption #SalvadorChamberofCommerce #GlobalVolatility #Exchange #Ecommerce #Blockchain #retailinvestor

[marionto]

This is your f-cking #BitcoinCity

Henry Eleazar Joya was arrested under the state of exception. His family learned he had been buried in a mass grave on October 8 and they have retrieved his corpse today.

This is the reality we live in. No matter what State-sponsored propaganda says.

[cryptodailysun]

1,817 crypto ATMs have been installed worldwide in the first two months of 2022. Last year saw 2,435 crypto ATMs installations in the same time window. Over the last six months, Bitcoin (BTC) recorded numerous milestones — El Salvador’s mainstream adoption, a new all-time high of $69,000 and a stronger-than-ever network hash rate. However, for the first time in history, global Bitcoin ATM installations in the first two months have slowed down when compared to the preceding year.Bitcoin ATM installations in the first two months of the year have historically increased year-over-year, as evidenced by data from Coin ATM Radar. The trend, however, breaks this year.Overall Bitcoin ATM installations. Source: Coin ATM RadarConsidering only January and February 2022, a total of 1,817 crypto ATMs have been installed worldwide. In the same timeframe last year, 2,435 crypto ATMs were installed, which is 618 ATMs more when compared to this year.In 2020, only 760 ATMs were installed in this timeframe, which overshadowed 2019’s 250 ATM installations. One of the main reasons for the momentary slowdown can be attributed to the lack of involvement from newer jurisdictions. For example, the United States alone contributed to 93% of the total global crypto ATM installations in 2022 with 1,689 new ATMs.Global crypto ATM distribution. Source: Coin ATM RadarOn the other hand, Bitcoin ATMs in Europe were reduced by 1 ATM in the first two months, going down to a total of 1,397 ATMs. At the time of writing, North America represents over 95% of total crypto ATM installations with 34,284 ATMs.World map of Bitcoin ATMs. Source: Coin ATM RadarThere are a total of 36,067 ATMs installed currently. Despite a slower start to the year, crypto ATM installations are expected to grow as jurisdictions such as El Salvador plans to deploy 1,500 Bitcoin ATMs. Unless more governments amp up their efforts to crypto adoption, the ATM installations will find it difficult to maintain an upward trajectory as existing crypto-friendly countries reach saturation in terms of installing new crypto and Bitcoin ATMs.Related: Tourism in El Salvador up 30% since Bitcoin adoption, minister saysOne of the immediate positive effects of Bitcoin adoption for El Salvador is a sudden spike on tourism. Salvadoran Tourism Minister Morena Valdez said on Feb. 22 that the country’s tourism industry surged more than 30% since the adoption of the Bitcoin law in September 2021.Boom! El Salvador’s tourism has grown by 30% since the Bitcoin Lawhttps://t.co/i8t6JRHD1a#ElSalvador #BitcoinLaw #bitcoin #bitcoininvestment #Abtc #tourism #BitcoinCity #blockchain #investments— Mónica Taher ⚡️ (@monicataher) February 22, 2022 As Cointelegraph reported, Valdez said that El Salvador’s tourism growth exceeded the government’s expectations, reaching 1.4 million visitors instead of 1.1 million tourists, adding: “We had projected $800,000 in foreign exchange but we obtained more than $1,400 million of income in foreign currency” Go to Source

[crypto-mining-farm]

Wie sich Bitcoin als offizielles Zahlungsmittel schlägt 

Wie sich #Bitcoin als #offizielles #Zahlungsmittel schlägt 

Mittlerweile ist nun ein halbes Jahr seit der Einführung von Bitcoin als #offizielles #Zahlungsmittel in #ElSalvador vergangen. Auch die ehrgeizigen Pläne des Präsidenten, #BitcoinCity bauen zu wollen, sind nun ein halbes Jahr alt und haben weitere Gestalt angenommen. Ein guter Zeitpunkt, um Resümee zu ziehen. Welche Fakten derzeit in El Salvador auf dem Tisch liegen und wie es dem Land geht,…

[shantadam]

#ElSalvador 🇸🇻, to be the 1st ☝️ in the #world to legally issue #Bitcoin $BTC #BTC #bonds and develop a #BitcoinCity.