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$BTC Bitcoin City in El Salvador
A new coverage by The Guardian portal in El Salvador exposed a situation of the residents living in the Bitcoin City region, which is already undergoing infrastructure works.
According to reports from some of these residents, President Nayib Bukele made a promise during his 2018 presidential campaign to build an international airport in the region, and they were already awaiting the start of the works. After being elected, he traveled to Germany to negotiate a new management for the airport, which would attract tourists and businesses to the smallest country in Central America.
However, after the adoption of bitcoin, the president changed the plans to build more than just an airport, but also a complete city in the region.
Thus, the international airport awaited by local residents will arrive along with several other works, which left many upset.
Bitcoin City is already under construction in El Salvador, but relocated residents did not like seeing their homes demolished.
As reported by Livecoins, Bitcoin City is an ambitious project of Bukele's presidential administration to attract business and tourism to the country. The first images of the project were made public in 2022.
In 2024, a foreigner who was waiting for the start of the works gave up on residing in the country to be the first resident of the site, as the works were stalled.
However, with the search for reelection in 2024, Nayib Bukele advanced the state of the works to create the world's first bitcoin city, a tax-free zone intended to attract all types of technology businesses to advance in the country, generating income and mass employment.
But residents from the regions of Flor de Mangle and El Condadillo had to leave their homes to make way for the project. In total, The Guardian reported that 225 families had to be relocated for the start of the works.
A new coverage by The Guardian portal in El Salvador exposed a situation of the residents living in the Bitcoin City region, which is already undergoing infrastructure works.
According to reports from some of these residents, President Nayib Bukele made a promise during his 2018 presidential campaign to build an international airport in the region, and they were already awaiting the start of the works. After being elected, he traveled to Germany to negotiate a new management for the airport, which would attract tourists and businesses to the smallest country in Central America.
However, after the adoption of bitcoin, the president changed the plans to build more than just an airport, but also a complete city in the region.
Thus, the international airport awaited by local residents will arrive along with several other works, which left many upset.
Bitcoin City is already under construction in El Salvador, but relocated residents did not like seeing their homes demolished.
As reported by Livecoins, Bitcoin City is an ambitious project of Bukele's presidential administration to attract business and tourism to the country. The first images of the project were made public in 2022.
In 2024, a foreigner who was waiting for the start of the works gave up on residing in the country to be the first resident of the site, as the works were stalled.
However, with the search for reelection in 2024, Nayib Bukele advanced the state of the works to create the world's first bitcoin city, a tax-free zone intended to attract all types of technology businesses to advance in the country, generating income and mass employment.
But residents from the regions of Flor de Mangle and El Condadillo had to leave their homes to make way for the project. In total, The Guardian reported that 225 families had to be relocated for the start of the works.
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