{"id":135385,"date":"2024-08-13T00:03:19","date_gmt":"2024-08-12T21:03:19","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135385"},"modified":"2024-08-13T00:04:26","modified_gmt":"2024-08-12T21:04:26","slug":"el-salvador-secures-historic-1-6b-investment-for-bitcoin-city-ports","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/el-salvador-secures-historic-1-6b-investment-for-bitcoin-city-ports\/","title":{"rendered":"El Salvador Secures Historic $1.6B Investment for Bitcoin City Ports"},"content":{"rendered":"<p>Turkish port operator Y\u0131lport Holdings <strong><a href=\"https:\/\/x.com\/nayibbukele\/status\/1822974421142782176?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1822974421142782176%7Ctwgr%5Ec4ae23a5c72ae84adf253eab65b675592da8c137%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fen.bitcoinsistemi.com%2Fel-salvador-president-nayip-bukele-announced-1-6-billion-investment-from-turkish-company-in-bitcoin-city%2F\">will invest $1.6 billion<\/a> <\/strong>to enhance the infrastructure of two ports, including Bitcoin City.<\/p>\n<p>This major investment will upgrade the current facilities at Acajutla and construct a new port in La Uni\u00f3n, where Bitcoin City is planned. President Nayib Bukele highlighted that this $1.6 billion investment is the largest private investment in El Salvador&#8217;s history.<\/p>\n<p>The project will be executed in phases, with the first phase starting at the end of 2024. President Bukele detailed that Y\u0131lport Holdings will allocate over $1.615 billion to modernize Acajutla&#8217;s port and activate La Uni\u00f3n&#8217;s port.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-fear-index-plunges-amid-market-volatility\/\" title=\"Bitcoin Fear Index Plunges Amid Market Volatility\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/04\/bitcoin-halving-3-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bitcoin Fear Index Plunges Amid Market Volatility<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Back in late 2021, President Bukele announced the ambitious plan to develop Bitcoin City, which will be powered by geothermal energy. Bitcoin City will have no taxes on transactions and profits, and it will operate entirely on <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a><\/strong>, with geothermal energy also being used for Bitcoin mining.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>El Salvador, known for adopting Bitcoin as an official currency, has announced a significant new investment.<\/p>\n","protected":false},"author":3,"featured_media":39182,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-135385","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>El Salvador Secures Historic $1.6B 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