El Salvadors Bitcoin City wins an international design award (report)

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The Loop Design Awards reported reportedly the government of the Bitcoin City of El Salvador as one of the most outstanding projects in the areas of interior design and architecture.

After completion, the metropolis will use the energy released by the Conchagua volcano to supply itself and BTC as a currency with electricity.

Bukele's dream city is awarded

according to the latest Cover , stood the urban project of El Salvador under 700 suggestions. The jury emphasized the innovative style of furnishing, while the beautiful surrounding nature and the nearby volcanoes also contributed to success. They also emphasized the work of the Mexican architect Fernando Romero, who designed it.

The Bitcoin City is built in the southeast of the Latin American country near two of the country's largest volcanoes-Conchagua and Tecapa. Romero's team said that the future metropolis would be "efficient and sustainable" and use geothermal energy from the volcanoes to supply itself with electricity.

Bitcoin will use it as a currency, which could bring certain financial benefits to the residents. "The new public space will be the climax of decades of research on what people need to live well in an anti -inflationary economy," the architect outlined.

Romero designed the urban area in the form of a circle so that it could be viewed from above.

The President of El Salvador-Nayib Bukele-was the first to present the project in 2021. The local government planned to raise a Bitcoin-based bond of $ 1 billion to finance the building, which should be due in 2032 . Market conditions.

Bukele took more light on the design in May last year, shows span-speserver-spaces = "true"> what the city looks like, its modern airport and its Vulkan watchtower.

So many other Bitcoin initiatives

Apart from the fact that the government of El Salvador was the first nation that primary cryptocurrency assumed as a legal means of payment, it has also introduced several projects in recent years.

es built a huge animal hospital called Chivo Pets, in which treatments are paid in BTC, and Open an educational center that offers the Salvadorians "free and accessible learning opportunities" around the estate.

The authorities have also started to accumulate Bitcoin at a macroeconomic level and think of it (as of now) about $ 54 million. However, the amount could be higher since Bukele announced in November that the government will buy one BTC a day. It is not yet known whether the buying frenzy runs as promised.

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