A. M. El Salvador is one step away from making history again with the announcement that the launch of the world’s first Bitcoin bank is planned. The initiative was confirmed by The Bitcoin Office, the entity that coordinates cryptocurrency-related strategies and policies in the country.
In june 2021, El Salvador became the first country to recognize Bitcoin as legal tender, a measure championed by President Nayib Bukele. This new project seeks to expand the reach of the digital economy and consolidate the cryptocurrency-based financial ecosystem.
The institutional support and legal framework have made the nation an attractive hub for blockchain investors and companies. The country currently offers cryptocurrency tax exemptions, economic incentives, and a state Bitcoin accumulation policy, with more than 6,000 BTC valued at approximately US$620 million.
According to Sherlock Communications, in its report “Blockchain in Latin America 2025” El Salvador has positioned itself as a strategic destination for the development of decentralized technologies, highlighting its potential as a regional innovation hub.
The impact is also reflected in tourism, where the concept of “Bitcoin tourism” has gained ground. In 2024, the country received 3.9 million visitors, representing a 22% growth compared to the previous year, driven by security and investment attraction policies.
This step toward the creation of the world’s first Bitcoin bank could position El Salvador as a global leader in digital finance, attracting more foreign capital and strengthening its image as a pioneer in cryptocurrency adoption.
