El Salvador’s president Plans to use bitcoin bonds.
El Salvador’s President Nayib Bukele announced plans to create a “Bitcoin City” funded through a bitcoin bond.
El Salvador Bitcoin Bond 1.
The Central American country plans to issue $1 billion in bitcoin for this first bond. Half would go toward buying bitcoin, and the other half would fund energy infrastructure and bitcoin mining. This bond would be the first in a planned series.
“What makes it a bitcoin bond is because it’s backed by bitcoin, so half of the billion dollars will go into buying bitcoin,”
“The president is going to market-buy $500 million dollars of bitcoin.”
The bond will mature in 2032 and will have a 6.5% coupon. Additionally, the bond has a dividend designed to give investors half of the proceeds after recovering the first $500 million in bitcoin.
CCS Retirement Bonds
Introducing Our Highest Earning Bond The CCS Wealth team is proud to announce the official launch of our 'Retirement Bonds'. Our current six months and twelve months CCS Bonds have been very successful, and due to increasing demand, we have designed a bond to reward...
Rehash: Decentralized Finance Will Change Your Understanding Of Financial Systems
Originally released On: 22 FEB 2021 via Forbes (Link below) by Philipp Sandner. Rehash: Decentralised Finance Will Change Your Understanding Of Financial Systems Decentralized Finance (DeFi) is likely to have a significant impact on how banks...