February 15th, 2023
Via Bitcoin Magazine, a report on a new link between El Salvador and Texas, borne out of Bitcoin:
After opening its first Bitcoin Embassy in Lugano, Switzerland, El Salvador is opening a second one in Texas.
According to a tweet from El Salvador’s Ambassador to the United States, Milena Mayorga, a meeting took place between her, other representatives of El Salvador and the Deputy Secretary of the Government of Texas, Joe Esparza.
“We discussed the opening of the second Bitcoin embassy and the expansion of commercial and economic exchange projects,” Mayorga said, also noting that “In 2022, El Salvador and the State of Texas had a commercial exchange of $1,244,636,983.”
Much of the Texas government has been publicly pro-Bitcoin as of late, and this is one step further in its involvement in the industry. El Salvador became the first sovereign country in the world to make bitcoin legal tender, making history while simultaneously challenging the fiat status quo.
Since then, the country has made moves to create the first bitcoin-backed sovereign debt bonds as well as hosting a successful conference, and is home to many projects entirely powered by Bitcoin. Just as the establishment of its Switzerland embassy was a step forward for El Salvador, this meeting between the country’s Ambassador and representatives of the Government of Texas is another milestone in its adoption of Bitcoin.
Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.