This compensation may impact how and where listings appear. El Salvador's president Nayib Bukele is behind the Volcano Bonds, so called because the aim is to use geothermal energy from volcanoes for Bitcoin mining. All Rights Reserved.
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Read MoreData Policy. The Barron's news department was not involved in the creation of the content above. El Salvador has made a huge step forward in releasing its Volcano Bonds. Bitcoin-backed bond dubbed 'Volcano Bond' will be used to pay down sovereign debt, fund the construction of the Bitcoin City, and create Bitcoin mining infrastructure. Now that Bitcoin price is up again and the legislative approval has been cleared, the issuance of Volcano Bonds seems almost imminent � potentially starting as early as next month. This article was produced by AFP.