El Salvador Pays $800M Bitcoin Bond, President Slams Mainstream Media

The post El Salvador Pays $800M Bitcoin Bond, President Slams Mainstream Media appeared first on Coinpedia Fintech News El Salvador, the first country to use Bitcoin as a legal tender, […]

The post El Salvador Pays $800M Bitcoin Bond, President Slams Mainstream Media appeared first on Coinpedia Fintech News
El Salvador, the first country to use Bitcoin as a legal tender, earlier this month passed another legislation to establish a legal framework for a Bitcoin-backed bond known as Volcano Bond. Through this bond El Salvador plans to pay its sovereign debt, sponsor the Bitcoin city construction and create Bitcoin mining infrastructure. Today, the country’s …