Samson Mow, CEO of JAN3 says that it will take 10 years for constructing the Bitcoin City. Here, JAN3 has sign the MOU previous year for the purpose of facilitating the digital infrastructure of El Salvador. It was also specified that Salvador bought it during the dip for almost $1.52 million. However, In the latest interview, Samson Mow, has estimated the fact that the construction of Bitcoin City will almost take 10 years.
This is the key and the major flagship projects undertaken by Nayib Bukele. El Salvador, clearly believes that innovation will simply attract the investors for the purpose to reside as well as settle in Salvador. JAN3 has also signed the MOU also known as memorandum of understanding along with nation. It is crypto-friendly for the purpose of creating the digital infrastructure. This City is simple to contextualize as the special and exclusive kind of the economic region. It is the place with the buildings for this may also come later.
Key project – Bitcoin City and Immigration
Amongst the various projects that JAN3 need to handle for El Salvador is a perfect platform for immigration for the Bitcoin City. Such kind of the aspect is all about facilitating the easy applications for citizenship for bitcoiners in this city. Here, you will also have the bitcoiners that are looking to simply immigrate and apply for the citizenship. Here, they will also upload documents. It is quite crucial and significant that it will be a perfectly secure platform.
On the other hand, the country will also later plan to launch chivo, which is a well-recognized crypto bank. It simply allows citizens for the purpose of buying as well as exchanging of the cryptocurrency. President of the country have bought the 80 bitcoin for the purpose of $19,000, this usually amounts to almost $1.52 million.
