# Inside The Mysterious Bitcoin City Billionaires Are Pouring Money Into | Insider News

https://youtu.be/RGrh3JuR0A0&t=04m52s

Billionaires are pouring money into a private city called #Próspera built in #Honduras, but the government has no control over it. The city-state runs like a business, with corporate #incometax as low as 1%, and all financial transactions can be done using #Bitcoin.