El Salvador to Build Cryptocurrency-Fueled ‘Bitcoin City’

El Salvador to Build Cryptocurrency-Fueled ‘Bitcoin City’
A police officer from the mayor's office patrols near the Chivo digital wallet machine, which will exchange cash for Bitcoin cryptocurrency, right, in Las Americas Square in San Salvador, El Salvador, on Sept. 7, 2021. Salvador Melendez/AP Photo
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LA LIBERTAD, El Salvador—In a rock concert-like atmosphere, El Salvador President Nayib Bukele announced that his government will build an oceanside “Bitcoin City” at the base of a volcano.

Bukele used a gathering of Bitcoin enthusiasts Saturday night to launch his latest idea, much as he used a an earlier Bitcoin conference in Miami to announce in a video message that El Salvador would be the first country to make the cryptocurrency legal tender,