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El Salvador to launch bitcoin embassy in Texas

After opening its first Bitcoin Embassy in Lugano, Switzerland, El Salvador is opening a second one in Texas.

El Salvador is planning to open a Bitcoin embassy in Texas, according to the country’s ambassador to the U.S. The El Salvadoran ambassador, Milena Mayorga mentioned on Twitter recently that she had met with Texas Deputy Secretary of State Joe Esparza to discuss the idea.

The Texas Secretary of State also confirmed in an interview that they met with El Salvador’s ambassador to the U.S. to discuss opportunities for cultural and commercial exchange. 

However, it is not yet clear exactly what the embassy will do other than educate the public on the world’s biggest cryptocurrency. 

In an effort to promote the use of cryptocurrency throughout Europe, El Salvador created a “Bitcoin office” in Lugano, Switzerland, last year. It also signed a Memorandum of Understanding (MoU) on economic cooperation with the city. 

The countries announced at the time that the Swiss initiative is intended to support initiatives to drive the adoption of Bitcoin and other cryptocurrencies across their respective regions and foster the exchange of students and talents between El Salvador and Lugano.

El Salvador became the first company to make Bitcoin legal tender, along with the U.S. dollar in September 2021.