The Salvadoran ambassador to the United States said that her country is considering opening a second bitcoin embassy in the Lone Star State.
On Feb. 14, 2023, Milena Mayorga, the Salvadoran ambassador to the United States, announced that her country is considering opening a second bitcoin embassy in the Lone Star State. Mayorga said that Texas is “our new ally” and the goal is to expand “commercial and economic exchange projects.”This week, Milena Mayorga, the Salvadoran ambassador to the U.S., discussed her recent meeting with Texas Secretary of State Joe Esparza.
The Salvadoran ambassador’s proposal comes after El Salvador’s approval of the Digital Assets Issuance Law in January 2023 and a recent mission statement on El Salvador’s economy by the International Monetary Fund . The IMF noted that El Salvador had managed to avoid cryptocurrency-related risks due to the slow and tepid adoption of bitcoin in the country. This development also follows comments by Salvadoran President Nayib Bukele regarding disinformation in the media.
El Salvador’s finance minister, Alejandro Zelaya, took to Twitter to refute claims made by some national and international media, tweeting: “El Salvador has met its debt obligations. We announce that on this day we have completed the payment of the 2023 Bond for $800 million, plus interest.” The Salvadoran ambassador, Mayorga, noted in her own Twitter thread that Texas Secretary of State Joe Esparza had expressed a positive view of the relationship between El Salvador and Texas in terms of commercial and economic exchange, with the two entities having exchanged $1,244,636,983 in 2022.
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