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Locals interviewed by CoinDesk have mixed feelings about El Salvador’s multimillion dollar proposal financed by “bitcoin bonds.”

By Roman Tkhorik, Guest author
AccessTimeIconMar 28, 2022 at 12:34 p.m. UTC
Updated Mar 30, 2022 at 11:51 a.m. UTC
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A place with zero taxes, powered geothermally by a volcano and funded by bitcoin bonds. That is what La Unión, a small city in the eastern part of El Salvador, will become if President Nayib Bukele's ambitious plan comes to fruition.

A place with zero taxes, powered geothermally by a volcano and funded by bitcoin bonds. That is what La Unión, a small city in the eastern part of El Salvador, will become if President Nayib Bukele's ambitious plan comes to fruition.

A place with zero taxes, powered geothermally by a volcano and funded by bitcoin bonds. That is what La Unión, a small city in the eastern part of El Salvador, will become if President Nayib Bukele's ambitious plan comes to fruition.

A place with zero taxes, powered geothermally by a volcano and funded by bitcoin bonds. That is what La Unión, a small city in the eastern part of El Salvador, will become if President Nayib Bukele's ambitious plan comes to fruition.

A place with zero taxes, powered geothermally by a volcano and funded by bitcoin bonds. That is what La Unión, a small city in the eastern part of El Salvador, will become if President Nayib Bukele's ambitious plan comes to fruition.

A place with zero taxes, powered geothermally by a volcano and funded by bitcoin bonds. That is what La Unión, a small city in the eastern part of El Salvador, will become if President Nayib Bukele's ambitious plan comes to fruition.

A place with zero taxes, powered geothermally by a volcano and funded by bitcoin bonds. That is what La Unión, a small city in the eastern part of El Salvador, will become if President Nayib Bukele's ambitious plan comes to fruition.

A place with zero taxes, powered geothermally by a volcano and funded by bitcoin bonds. That is what La Unión, a small city in the eastern part of El Salvador, will become if President Nayib Bukele's ambitious plan comes to fruition.

A place with zero taxes, powered geothermally by a volcano and funded by bitcoin bonds. That is what La Unión, a small city in the eastern part of El Salvador, will become if President Nayib Bukele's ambitious plan comes to fruition.

A place with zero taxes, powered geothermally by a volcano and funded by bitcoin bonds. That is what La Unión, a small city in the eastern part of El Salvador, will become if President Nayib Bukele's ambitious plan comes to fruition.

A place with zero taxes, powered geothermally by a volcano and funded by bitcoin bonds. That is what La Unión, a small city in the eastern part of El Salvador, will become if President Nayib Bukele's ambitious plan comes to fruition.

A place with zero taxes, powered geothermally by a volcano and funded by bitcoin bonds.
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A place with zero taxes, powered geothermally by a volcano and funded by bitcoin bonds.
SingleQuoteLightGreenSingleQuoteLightGreen

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internet-computer

polygon

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A place with zero taxes, powered geothermally by a volcano and funded by bitcoin bonds. That is what La Unión, a small city in the eastern part of El Salvador, will become if President Nayib Bukele's ambitious plan comes to fruition.

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SingleQuoteLightGreenSingleQuoteLightGreen
A place with zero taxes, powered geothermally by a volcano and funded by bitcoin bonds. That is what La Unión, a small city in the eastern part of El Salvador, will become if President Nayib Bukele's ambitious plan comes to fruition.
SingleQuoteLightGreenSingleQuoteLightGreen
A place with zero taxes, powered geothermally by a volcano and funded by bitcoin bonds. That is what La Unión, a small city in the eastern part of El Salvador, will become if President Nayib Bukele's ambitious plan comes to fruition.


A place with zero taxes, powered geothermally by a volcano and funded by bitcoin bonds. That is what La Unión, a small city in the eastern part of El Salvador, will become if President Nayib Bukele's ambitious plan comes to fruition.
A place with zero taxes, powered geothermally by a volcano and funded by bitcoin bonds. That is what La Unión, a small city in the eastern part of El Salvador, will become if President Nayib Bukele's ambitious plan comes to fruition.
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Bitcoin City: El Salvador’s Dreams for Utopia on Hold

Bitcoin City: El Salvador’s Dreams for Utopia on Hold

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

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