Stablecoin issuer Tether is making a strategic investment in energy production and Bitcoin mining to support El Salvador’s adoption of BTC.
El Salvador’s plans to build a billion dollar renewable energy precinct has found a first-round investor in stablecoin issuer Tether.
El Salvador’s Bitcoin experiment could be a risk the the States, a handful of lawmakers argue.
Dr. Saifedean Ammous thinks El Salvador will be debt free if it accumulates Bitcoin for the next five years.
The company established a headquarters in El Salvador for its global entity as it expanded its app to more than 65 countries last week.
According to Strike CEO Jack Mallers, the expansion drive aims to counter the “clouded world of crypto exchanges and hidden, unregistered licensing regimes and 1,000 different coins.”
The firm says El Salvador will serve as its base for operations in Latin America.
A new office in El Salvador will make the company’s expansion into Latin America as seamless as possible.
The legislation appeared to be another attempt at the Accountability for Cryptocurrency in El Salvador Act, originally introduced after the country’s Bitcoin Law was enacted.
The reports will look to answer questions about the impacts of El Salvador’s bitcoin legal tender law on the U.S. and other countries.