Samson Mow is the founder of Pixelmatic and the previous officer of the chief strategy of Blockstream declared that he is starting a new company, JAN3 that will be focused on speeding the adoption of bitcoin. The entrepreneur of bitcoin whose company is based in both China and Canada stated that JAN3 has given its signature on the memorandum of understanding (MOU) to help expand the online infrastructure in El Salvador.
JAN3 Of Samson Mow Will Build Bitcoin City In El Salvador
Samson Mow posted that a general MOU has been prepared and signed that specifies that both of them will work hand-in-hand to construct a digital infrastructure for the city of BTC and the country. He also stated that the decision of working with El Salvador was very easy and simple as he just asked whether they would want to work with him and they simply answered yes.
The new company and Samson Mow will work together with Nayib Bukele, the President of El Salvador, and its government to develop the city of BTC. This expansion will require a geothermal power supply that can be generated from volcanoes nearby for the purpose of mining bitcoin along with the infrastructure of the city.
JAN3 created an account on Twitter a few days back and it brags about its increasing number of followers which amounts to 3,300 and also about the company which has raised nearly $21 million in funds at a $100 million valuation. Renowned public figures came to the funding round like Alistair Milne, Chun Wang, Max Keiser, and his wife Stacy Herbert.
The concerning news came as Samson Mow openly discussed at the BTC 2022 Conference that two jurisdictions would be adopted by BTC in the form of legal tender like a region of Portugal, the Caribbean island, and Mexico which is still not sure.
