El Salvador government strikes deal with Bitfinex, Blockstream | Bitcoin Insights

El Salvador government strikes deal with Bitfinex, Blockstream to issue $1 billion bitcoin bond

El Salvador has struck a deal with crypto firms Blockstream and iFinex to advance its efforts in the bitcoin market. 

The country is set to issue so-called Bitcoin bonds to "accelerate hyperbitcoinization and bring about a new financial system on top of Bitcoin," according to Blockstream. 

El Salvador could issue $1 billion worth of bitcoin bonds via Blockstream's Liquid Network. The proceeds of the bond issuance could support the development of volcano-powered bitcoin mining. 

Source

@Bitcoin_Insights