February 1, 2023

Almost two and a half years after becoming the first country to adopt Bitcoin (BTC) as legal tender, El Salvador has won an international award for its ambitious and eco-friendly Bitcoin City, which is set to be built at the base of a volcano.

In particular, the government of El Salvador’s Bitcoin City project was recognized by the jury of the global design platform LOOP among the 705 submitted proposals from 56 countries, Argentine media News from Bariloche (NDB) reported on 25.01.

Future Bitcoin City. Source: LOOP design awards

According to the report, the LOOP Design Awards honor the most outstanding projects in architecture and interior design, as judged by the jury of more than 25 experts, providing a unique opportunity for public recognition.

sustainability first

The urban project, to be built in southeastern El Salvador, was designed by Mexican architect Fernando Romero and his company Enterprise Free, who described the project as “an efficient and sustainable city based on their innovative smart metropolis model.” ”

In fact, once completed, Bitcoin City will generate its own clean energy from two nearby volcanoes, Tecapa and Conchagua. Specifically, it will be supplied with geothermal heat from the Tecapa volcano and later fully dependent on the nearby Conchagua volcano.

Bitcoin City will be built at the base of the volcano. Source: LOOP design awards

Romero, who also won the Global Architecture & Design Award for a new Mexico City International Airport project in 2021, added:

“The new public space will be the culmination of decades of research into what people need to live well in an anti-inflationary economy.”

Bitcoin oriented design

The designs for the circular city in the form of a bitcoin became public for the first time revealed by El Salvador’s President Nayib Bukele in May 2022, who said at the time that “Bitcoin City is progressing beautifully” and also revealed images of several landmark buildings to be built on its plazas.

Among other things, the design includes a central plaza with a museum that “aims to capture the world’s attention by including bitcoin in the history of money,” as well as a large entertainment center, although the dates for the start of the city’s construction available not yet posted.

Elsewhere, as Finbold reported in August 2022, El Zonte, a beach in El Salvador renamed “Bitcoin Beach” due to its acceptance of the first cryptocurrency, was set to be infrastructural as part of a strategic plan to be implemented by Upgrades are given by the El Salvador government.

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