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Learn more about El Salvador Bitcoin Bond

I posted Monday on Bitcoin City in El Salvador:

The Wall Street Journal published a few more:

  • El Salvador plans to issue $ 1 billion in bitcoin-backed bonds next year
  • plans to sell $ 1 billion of 10-year US dollar-denominated bonds with a coupon of 6.5%
  • Half of that money would be used to buy bitcoin to hold for five years and the rest would fund bitcoin-related construction projects.
  • El Salvador to issue the bond in partnership with Blockstream
  • bonds would be issued on blockchain

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