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Here’s how El Salvador’s president plans to use bitcoin bonds

El Salvador’s president, Nayib Bukele, is planning to use a so-called bitcoin bond to fund a new municipality called “Bitcoin City,” which would be powered with geothermal energy from a volcano.  Bukele announced the plan in the late evening of Nov. 20, speaking on stage during an elaborate grand finale to wrap up the LABITCONF conference. He was also joined by Blockstream chief strategy officer Samson Mow. The same night, The Block reported that El Salvador struck a deal with …