On February 14th of 2023, Milena Mayorga— the El Salvador an ambassador to America —proclaimed that her nation is exploring the notion of starting a second Bitcoin embassy in Texas. She noted that The Lone Star State has become “our new ally” and then reiterated how this move would extend several commercial & economic exchange plans.
This New Bitcoin Embassy Will Strengthen Economic Cooperation Between El Salvador and Texas
This week, Milena Mayorga, the ambassador from El Salvador to the United States, met with Texas Secretary of State Joe Esparza. During their talks, she revealed that government officials are looking into the potential for opening a secondary Bitcoin embassy in the Lone Star state. It was also mentioned that they have already held meetings with representatives from Lugano, Switzerland, regarding this same idea, and so far, it has been met with a positive response.
Excitedly, Milena Mayorga posted on Twitter: “We welcomed Texas as our new ally today. During my meeting with Deputy Secretary Joe Esparza of the Government of Texas, we discussed plans to open a second Bitcoin Embassy and expand business and trade opportunities.”
In light of Salvadoran President Nayib Bukele’s recent remarks about disinformation in the media, as well as El Salvador‘s approval of the Digital Assets Issuance Law and its mission statement on economic development from the International Monetary Fund (IMF), The Salvadorian ambassador recently proposed a course of action. According to IMF records, El Savor has strategically been able to dodge potential risks associated with cryptocurrencies due to their slow adoption. This proposal is likely meant to ensure that this trend continues for years to come.
2022 Has Been A Very Lucrative Year For ElSalvador and Texas
El Salvador‘s Finance Minister Alejandro Zelaya emphatically declared on Twitter that the country has satisfied its debt obligations. He proudly announced they had completed their payment of the 2023 Bond for $800 million, and interest was included in this amount.
Ambassador Mayorga proudly declared in her Twitter thread that Texas Secretary of State Joe Esparza had expressed great appreciation for the relations between El Salvador and Texas, with a total of $1.2 billion exchanged just this past year alone! This incredible partnership helps establish successful commercial and economic opportunities for both entities involved.
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