El Savador exploring volcanic bitcoin mining, Bukele says


Reuters | Updated: 09-06-2021 23:43 IST | Created: 09-06-2021 23:42 IST
El Savador exploring volcanic bitcoin mining, Bukele says
File Photo Image Credit: IANS
  • Country:
  • El Salvador

El Salvador's President Nayib Bukele said on Twitter on Wednesday that he has instructed state-owned geothermal electric firm LaGeo to come up with a plan to offer bitcoin mining facilities using renewable energy from the country's volcanoes.

El Salvador became the first country in the world to adopt bitcoin as legal tender after its Congress on Wednesday approved Bukele's proposal to embrace the cryptocurrency.

"This is going to evolve fast!," Bukele said in the tweet.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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