El Salvador Opens a Bitcoin Embassy in Switzerland

The embassy is dedicated to encouraging more states and countries to adopt Bitcoin. El Salvador has signed a memorandum of understanding with the city of Lugano, Switzerland aimed at spreading Bitcoin adoption across the continent. The central American nation has also opened a “Bitcoin office” within Lugano, according to the country’s U.S. ambassador Milena Mayorga. During Tether’s inaugural Plan B forum in Lugano on Friday, Mayorga said the office would be staffed by a new Honorary Consul devoted to advocating Bitcoin throughout Europe. El Salvador became the first country in the world to establish Bitcoin as a legal tender in September 2021.