Cryptocurrencies
Blockstream Proposes Digital Blockchain Bond for El Salvador
- Bond would be issued in U.S. dollar on company’s AMP platform
- Digital bonds gaining attention after recent issuances
A customer at a shop that accepts Bitcoin in El Zonte, El Salvador last month.
Photographer: Cristina Baussan/BloombergThis article is for subscribers only.
Canada-based Blockstream Corp, a blockchain technology company, proposed the issuance of a digital U.S. dollar-denominated bond to El Salvador’s government as the nation rolls out plans to make Bitcoin legal tender.
Blockstream Chief Strategy Officer Samson Mow said company representatives met with El Salvador government officials to pitch the plan, and that officials expressed interest but still haven’t made a final decision.