Milena Mayorga admitted that much of that foreign direct investment would not have come without the adoption of Bitcoin. The ambassador of El Salvador in the United States announced that the Bank to the Future is only obtaining licenses to operate.
El Salvador ambassador to the United States, Milena Mayorga, announced that the Bank to the Future, an online bank, would invest in El Salvador more than 6,000 million dollars in Bitcoin (BTC), which would also include the installation of the bank.
According to Diario El Salvador, the Bank to the Future is in the process of setting up the country and is waiting to obtain permits and licenses from the government.
Mayorga Further Explains
The ambassador of El Salvador to the United States pointed out the following:
“The company has a presence in other places, but it is interested in operating in El Salvador because of the stability that the country provides. It has all the licenses, and is being supported by a law firm with the registration of the company, as well as with staff recruitment.”
On Twitter, Mayorga posted that, “”We have around 100 projects with the diaspora that are around $400 million. Thanks to security, confidence has been generated so that they come to invest.”
Foreign Investment on the Road
During a radio interview, Milena Mayorga highlighted the increase in foreign direct investment, which has triggered the generation of jobs, the increase in tourism, and the reactivation of the domestic market, and admitted that a large part of this investment would not have come without the adoption of Bitcoin (BTC) as legal tender.
“Great businessmen with whale investors would not have come to the country if it had not been for the adoption of Bitcoin. We have contact with large businessmen and large companies; I am managing meetings with Bank of the Future, for example, and I am in contact with the president so that he can see his agenda.”
Other constant Bitcoin investors to projects and social causes in El Salvador are Max Keizer and Stacy Herbert, who recently donated $10,000 in Bitcoin.
“Max and I donated $10,000 on behalf of @bitfinex to each family of the murdered police officers in El Salvador. We were able to speak with the families, including some of the very young children, who had buried their loved ones today after making the ultimate sacrifice for El Salvador.”
Finally, the ambassador to the United States highlighted the investments of Grupo Invictus for 1,200 million dollars in resorts in San Salvador, Surf City, and La Unión, as well as another 100 projects that add up to an investment of 400 million dollars.
In addition, she pointed out that companies of the caliber of Binance already have 50 employees in El Salvador:
“When all these steps are taken, it is expected that by the end of the year they can already be operating and bring that capital. In addition, the fact that a bank like this comes to the country opens the opportunity for investors who work through Bitcoin to carry out activities in the country. Saudi Arabia wants to invest in Latin America, and they highlighted that El Salvador is of great interest to them. They are evaluating where to invest socially, but also where to promote trade.”
By Audy Castaneda
