The authorities of El Salvador and the Swiss city of Lugano have signed a memorandum of cooperation aimed at popularizing Bitcoin and promote regional projects in the field of expanding the cryptocurrency infrastructure.

El Salvador recognized last fall BTC as a means of payment. Despite the fall of the market, the authorities of the country have repeatedly stated that they will not sell the accumulated Bitcoins.

El Salvador’s ambassador to the United States, Milena Mayorga, has announced that her country would open a representative office in the Swiss city. It will promote the digital currency.

Particular attention will be paid to the promotion of BTC in Italy and other European countries.