Ever since Bitcoin was adopted as legal tender in El Salvador, the country has been coming up with innovative ways to integrate it into the economy. So much so that plans to build a “Bitcoin City” have also been announced recently. In fact, the same will be funded via a $1 billion “Bitcoin Bond” with a 10-year maturity on the Liquid Network.
The soon-to-be-issued Bitcoin bond, built by Blockstream and processed by Bitfinex, will offer investors a 6.5% rate of annual interest payments along with dividends generated by the liquidation of Bitcoin holdings. Furthermore, the planned $1 billion will be equally divided between BTC allocation and building energy and mining infrastructure in the region.