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International Business Times
International Business Times
World
Oscar BATRES

Waiting Out Bukele's 'Bitcoin City' On A Salvadoran Beach

President Nayib Bukele's bitcoin gambit is widely thought to have failed (Credit: AFP)

When President Nayib Bukele announced plans to create the world's first "Bitcoin City," a futuristic metropolis financed by cryptocurrency bonds, American Corbin Keegan packed up his life in Chicago and headed for El Salvador.

More than two years later, no brick has been laid, and 42-year-old Keegan ekes out a living in Playa Blanca, a coastal town in the Conchagua municipality named after the nearby volcano meant to power the new city of which he hopes to be the first resident.

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