Próspera Bitcoin Legal Tender Explained – Bitcoin Magazine

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When Samson Mow, architect of the “Bitcoin Bond,” announced that the charter city had adopted a bitcoin standard, many watched in confusion as this small city was largely unknown. Now, Próspera is trying to show the world what it means to exist semi-autonomously from nation-state control while still being part of a nation-state.

Joel Bomgar, the president of Honduras Próspera Incorporated (the private company behind the creation of Próspera) sat down virtually with Bitcoin Magazine for an interview where he referred to Próspera as “a free city that has adopted bitcoin as legal tender.” Bomgar chose these words specifically because the city isn’t just about bitcoin, it’s about freedom. Bitcoin just happens to be the quintessential tool for achieving its economic freedom.

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