NEW DELHI: Hours after passing a resolution that made it the first country in the world to recognize bitcoin as a legal tender, Latin American nation El Salvador has said that it will mine the cryptocurrency using geothermal energy from its volcanoes.
In a tweet, President Nayib Bukele, said: “I’ve just instructed the president of @LaGeoSV (our state-owned geothermal electric company), to put up a plan to offer facilities for bitcoin mining with very cheap, 100% clean, 100% renewable, 0 emissions energy from our volcanos.”
El Salvador, in a historic move on Wednesday, became the first country in the world to officially adopt bitcoin as the legal tender. The nation’s Congress approved Bukele’s proposal to embrace the cryptocurrency with 62 out of 84 possible votes.
