More on El Salvador's Bitcoin bond

Author: Eamonn Sheridan | Category: Cryptocurrency

I posted Monday on El Salvador's Bitcoin City:

The Wall Street Journal have a little more posted:
  • El Salvador is planning to issue next year $1 billion in bonds backed by bitcoin
  • plans to sell $1 billion in U.S. dollar-denominated 10-year bonds with a coupon of 6.5%
  • Half of that money would be used to buy bitcoin to hold for five years and the rest would fund construction projects related to bitcoin.
  • El Salvador will issue the bond in partnership with Blockstream
  • bonds would be issued on blockchain
Link to the Journal here (may be gated)  

BTC/USD update:
I posted Monday on El Salvador's Bitcoin City:

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