Following the launch of its Bitcoin embassy in Lugano, Switzerland, El Salvador continues to expand its BTC strategy with a new partnership with Texas.

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, the government of El Salvador is connecting more countries as it opens a “bitcoin embassy” in the United States.

El Salvador, a country set to adopt bitcoin as a payment method by 2021, is expanding its bitcoin strategy in a new partnership with the Texas government. The intergovernmental partnership aims to establish a Bitcoin embassy in Texas or a representative office in El Salvador to work on new coordinated initiatives to promote Bitcoin adoption.

El Salvador’s ambassador to the United States, Milena Mayorga, said in a statement on Twitter on February 14.

“During my meeting with Texas Assistant Secretary of State Joe Esparza, we discussed the opening of a second Bitcoin embassy and the expansion of the trade and economic exchange project,” Mayorga said.

The latest bitcoin event comes months after El Salvador opened its first bitcoin embassy in the southern Swiss city of Lugano in October 2022. As part of the effort, the two pro-crypto jurisdictions began working to establish a physical government presence to enhance cooperation. Bitcoin matches educational and research institutions.

According to former Blockstream Chief Strategy Officer Samson More, the Bitcoin Embassy phenomenon is the next step in Bitcoin adoption in nation-states and cities. He said that such initiatives represent cooperation between countries to develop new initiatives, such as establishing alliances between sites that hold bitcoins.

RELATED: El Salvador’s ‘Limited’ Bitcoin Use Prevents Foreseeable Risks, IMF Says

The announcement comes as Texas lawmakers consider a new law, “A Master Plan to Expand the Blockchain Industry.” The bill aims to make Texas the state’s crypto capital with tax-free purchases using bitcoin, among other recommendations.

As previously reported, Texas is one of the crypto-friendly US states. As it stands, crypto-friendly regulations are being passed in an effort to better translate trading rules into blockchain innovation and digital asset regulation. Texas is home to the largest number of Bitcoin miners in North America, with major mining companies such as Riot Blockchain, Core Scientific and Genesis Digital Assets operating in the state.

Source: CoinTelegraph

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