El Salvador’s volcano-powered Bitcoin City wins design award

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  • El Salvador is the first country to recognize bitcoin as legal tender.
  • Bitcoin City has been recognized as a sustainable and highly efficient project.
  • El Salvador is building a new city in the east of the country with clean energy sourced entirely from nearby volcanoes.

El Salvador made history when it became the first country in the world to adopt bitcoin.B T c) as legal tender. The country also announced an ambitious project called ‘Bitcoin City’ – a move that is ongoing. to inspire Many other nations and jurisdictions around the world.

Importantly though, and in one of many positive news stories surrounding El Salvador bitcoin staking, the eco-friendly project Bitcoin City has gained international recognition.

according to a news report By Noticias de Bariloche, Bitcoin City won an award after receiving approval from a panel of experts on its architectural design.

The award was given by Loop, a Costa Rica-based sustainable architecture and design studio. According to the Loop Design Awards 2022 WebsiteBitcoin City was selected as the category winner from a pool of 705 submissions from 56 countries.

volcano powered bitcoin city

El Salvador’s Bitcoin City is a new city project under development in the east of the country, and has been designed by Mexico-based design studio Fernando Romero Enterprise EE. The project features revolutionary urban planning with bitcoin and nearby volcanoes providing financial investment and powering everyday activities.

Two volcanoes (Tecapa and Conchagua) will provide clean energy.

,Several incentives for investors will make this city a reference on how to make a city both efficient and sustainable at the same time,” LOOP wrote in a brief description of the project.

as CoinJournal previously reportedThe construction of Bitcoin City is expected to take at least ten years.

El Salvador Proves Critics Wrong on Bitcoin Bet

On Tuesday, El Salvador President Nayib Bukele rebuked the international media for their negative reporting about the country after it adopted BTC as legal tender. His comments came as the country fully repaid its $800 million in bonds maturing in 2022 despite a drop in the price of bitcoin.

Mainstream media reports indicated that El Salvador risked defaulting on payments if it failed to strike a deal with the International Monetary Fund (IMF). President Bukele dismissed forecasts by “experts” and rating firms for their “lies”.

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