Bitcoin Towers is the name of the new project that El Salvador will embark on with the aim of continuing to attract the world’s bitcoiners to its territory. The initiative consists of the construction of four luxury apartment complexes that will be located in various coastal points of the Central American country.
The Costa del Sol, located in the Department of La Paz, considered one of the best and most famous beaches in the central region of El Salvador, will be one of the locations where will build a Bitcoin Towers or apartment towers for bitcoiners.
other of the 25-story towers and 382 apartments, will be in the surroundings of El Tunco beach from the Department of La Libertad, in the west of the country; while the third will be built in La Unión, a department in the eastern zone. The location of the fourth tower has apparently not been defined, according to what was reported by the Salvadoran media.
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The Bitcoin Towers project is presented by the government of El Salvador at the booth of the Bitcoin Conference 2022one of the most important events of the bitcoin ecosystem that this year is celebrated in Miami, until this Saturday, April 9.
The Bitcoin Towers, from El Salvador to Miami
The Ambassador of El Salvador in the United States, Milena Mayorga shared on Twitter a photo from the stand, where he wrote: the future of El Salvador is written with LiBerty, “B” of Bitcoin, Playas and Gente Linda, and now also of La Bitcoin Towers, something never dreamed of before September 7, 2021 ″.
In his message, Mayorga congratulates Tarek Kirschen for his project. He is a businessman, residing in Miami, who has recently undertaken several projects in the cryptocurrency industry, including the Bitcoin Towers in El Salvador.
The project was developed in Miami by Glozal, a company founded by Kirschen, who proposed the construction of luxurious apartments for El Salvador. This after the businessman visited the country in September of last year and discovered its potential for tourism, as explained by Carlos Manuel Aguilar, coordinating architect of the Bitcoin Towers.
The Salvadoran press indicates that the construction of the towers will start next Septemberwithin the framework of the celebration of the first year of the declaration of bitcoin as legal tender in the country.
Once the apartments are ready to move in, could be for sale for about 25 bitcoins, approximately one million dollars at the price of the cryptocurrency today, according to the CriptoNoticias price calculator.
The residential area of the Bitcoin Towers it is designed to be occupied by foreigners who wish to move to El Salvador and also for tourists, say those involved with the project.