El Salvador recognised Bitcoin as official tender on September 7, 2021. The cryptocurrency collapsed on that day, but the problems for the state did not end there. In particular, Etherium creator Vitalik Buterin criticized the intrusive distribution of BTC in the country, while US authorities considered the risks in El Salvador’s decision. Moreover, as noted in the relevant bill, officials consider the recognition of BTC to be dangerous for the US financial system.

Since then, representatives of the cryptocurrency community have predicted that Bitcoin would be recognized in Mexico as well as Honduras. Although there have been many such reports, so far BTC continues to be official tender only in El Salvador. However, this will not always be the case.

Where you can pay with bitcoins

The western Portuguese island called Madeira and the Honduran jurisdiction called Prospera could be the next regions where Bitcoin will start to be actively used in everyday payments. Prospera president Joel Bomgar announced the day before that citizens will not have to pay income tax when buying or selling BTC, which could be a big reason for locals to become familiar with digital assets.


Still, digital assets are known for their ability to increase in value. For example, some coins have given away more than 10,000 percent growth in 2021. And that sounds far more profitable than dealing with depreciating fiat - after all, the world's economies are suffering from rising inflation right now, which means less goods and services can be bought with regular money.

He also noted that the authorities will “allow other municipalities in Honduras, companies or political subdivisions outside the US to place Bitcoin-backed bonds within Prospera’s jurisdiction”. According to the president, actively pursuing this would help attract more foreign investors.

President of Madeira Miguel Albuquerque

The president of Madeira’s regional government, Miguel Albuquerque, is preparing to introduce a similar solution in his territory. Here’s a rejoinder in which he shares his take on what’s happening. The quote is quoted by CryptoPotato.

I believe in the future, and I believe in Bitcoin. Our government will continue to work to create a fantastic environment for Bitcoin in Madeira.

At the same time, plans to gradually increase the share of “green energy” in Bitcoin mining in the US are beginning to materialise, Decrypt reports. Blockstream has teamed up with Block and Tesla to start building a mining centre in Texas, which will be powered entirely by solar panels.

The information was confirmed on the company’s official Twitter.

The partnership as a whole was announced last year when Block – formerly known as Square – committed $5 million to the project. According to Blockstream, the facility will be completed by the end of 2022. The centre will use Tesla photovoltaic batteries and Megapack battery equipment to run entirely on renewable energy. The project authors also plan to achieve 3.8 megawatts of power, which will power computing power – that is, hash rate – of about 30 petahes per second.


We believe that sooner or later the number of countries and regions with the ability to pay for goods and services in cryptocurrency will increase significantly. This trend could become especially popular as the global economy worsens, which is already showing serious inflation in many regions. Although Bitcoin and other coins are also capable of collapsing in value, they are also capable of growing markedly. And the lack of dependence on governments and fixed issuance rates in the case of BTC are additional arguments for linking to the coins.