El Salvador, the first country to adopt Bitcoin as legal tender, is expanding its Bitcoin initiatives with the introduction of “Volcano Bonds.”
These bonds are designed to raise funds for the development of a “Bitcoin City” powered by geothermal energy from nearby volcanoes.
The bonds will be issued on the Bitcoin blockchain and are expected to attract investors interested in supporting El Salvador’s ambitious Bitcoin projects.
The government plans to use the proceeds to build infrastructure and promote economic development in the region.
The Volcano Bonds are part of El Salvador’s broader strategy to integrate Bitcoin into its economy and position the country as a global leader in cryptocurrency adoption.
