El Salvador to Build New Port Near Bitcoin City
CryptoNewsTerminal Staff12 Aug, 2024
El Salvador to Build New Port Near Bitcoin City
El Salvador is planning to build a new port near Bitcoin City, a planned city dedicated to the cryptocurrency. The $1.6 billion private investment will be used to construct the port in the La Union area. The project is expected to create jobs and boost the economy of the region. El Salvador has been a strong advocate for Bitcoin, and the new port is seen as a way to further promote the use of the cryptocurrency. The country has already made Bitcoin legal tender, and it is working to develop a regulatory framework for the cryptocurrency. The new port is expected to be a major hub for Bitcoin trade and investment. It will also provide a gateway for tourists and businesses to access Bitcoin City. The project is part of El Salvador's broader plans to become a global center for Bitcoin innovation.
