A new link between the Central American country and Texas has been created from Bitcoin.
After opening its first Bitcoin Embassy in Lugano, Switzerland, El Salvador is opening its second in Texas.
According to a tweet from the Ambassador of El Salvador to the United States, Milena Mayorga, there was a meeting between her, another representative of El Salvador and the Deputy Secretary of the Government of Texas, Joe Esparza.
“We are discussing the opening of a second Bitcoin embassy and the expansion of commercial and economic exchange projects,” said Mayorga, also noting that “In 2022, El Salvador and the State of Texas will have a commercial exchange of $1,244,636,983.”
Most Texas governments have been publicly pro-Bitcoin, and this is another step forward for the industry. El Salvador became the first sovereign country in the world to make bitcoin legal tender, making history while simultaneously challenging the fiat status quo.
Since then, the country has made moves to create the first bitcoin-backed national debt bond as well as hosted a successful conference, and is home to many Bitcoin-backed projects. As in establishment of its Swiss embassy is a step forward for El Salvador, this meeting between the country’s Ambassador and representatives of the Government of Texas is another milestone in the adoption of Bitcoin.