Paolo Ardoino, chief technology officer of Bitfinex and Tether, said in an interview with Fortune magazine that El Salvador's Bitcoin Bond (Volcano Bond) will be further delayed. There is two to three months to launch Volcano Bond, suggesting sales could take place before the end of 2022. In November 2021, President Nayib Bukele of El Salvador first announced a Bitcoin bond (also known as Volcano tokens), which raised $1 billion from investors, half of which was used to finance infrastructure projects and the other half to To buy Bitcoin, Bitfinex was chosen as the only exchange provider. Although the token was supposed to launch in early 2022, El Salvador’s finance minister delayed it until mid-March, then indefinitely as bitcoin’s price plummeted.