Tuesday, 12 April 2022 15:32

Bitcoiner Samson Mow creates new company and signs agreement with El Salvador

Written by Evelyn Alas

According to a media outlet Bitcoin entrepreneur Samson Mow said last thursday that he created a new company called Jan3 focused on promoting the adoption of the cryptocurrency, and added that he signed a memorandum of understanding to develop digital infrastructure in El Salvador.

Bitcoin expert Mow worked alongside President Nayib Bukele for a $1 billion Bitcoin-backed bond issue, which the country postponed last month amid the Ukraine invasion and cryptocurrency market volatility.

The president proposed in november the creation of Bitcoin City, which would provide tax advantages to investors and use geothermal energy generated by a nearby volcano.

Samson Mow said it was too early to put a monetary value on the deal. The name is a reference to January 3, 2009, the day the Bitcoin network was created.

Also, the digital currencies entrepreneur who served as Blockstream's chief strategy officer left his position at the company, to focus on issuing Bitcoin bonds in El Salvador.

The cryptocurrency expert said last february that he is also interested in investing in salvadoran coffee projects, since he made a visit to analyze the outlook of the agricultural sector under the perspective of the opportunities offered by the cryptocurrency.