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Salvadoran Ambassador to US: Bitcoin Challenges U.S. Dollar

Amy Liu

Summary: According to Milena Mayorga, El Salvador’s ambassador to the U.S, by approving bitcoin as legal tender and announcing plans to build a “Bitcoin City,” El Salvador is one step ahead of everyone else in pushing the mainstream adoption of bitcoin, and that seems to be a threat to other countries, including the United States. Mayorga ...

According to Milena Mayorga, El Salvador’s ambassador to the U.S, by approving bitcoin as legal tender and announcing plans to build a “Bitcoin City,” El Salvador is one step ahead of everyone else in pushing the mainstream adoption of bitcoin, and that seems to be a threat to other countries, including the United States.

Mayorga said in an interview with CoinDesk TV on Wednesday, “I know the concerns here in D.C. are about losing the power of the dollar and we can understand that, but El Salvador has to move on [because] it wants to be on a different level." 

By Amy Liu

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