MarketsBitcoin boosts tourism growth in El Salvador

Bitcoin boosts tourism growth in El Salvador


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The President of El Salvador Nayib Bukelethat the urgent recovery of tourism in the country is related to three main factors, including, surfing the Internet, Bitcoin BTCand reduce crime in general.

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considered as El Salvador loving country for bitcoinone of the 15th A country that managed to raise its tourism income to pre-pandemic figures COVID-19according to data from the World Tourism Organization.

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Tourism in El Salvador with Bitcoin

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inserted El Salvador Recently in the list of countries whose tourism income has returned to pre- Corona pandemic. According to the World Tourism Organization, the country managed to increase its tourism income by 6% compared to a year 2019.

This report is consistent with what authorities have reported about the impact of the inclusion of Bitcoin In the state since it was announced as a legal tender. In February, when she declared Morena Valdez Minister of Tourism of the country that the tourism industry has increased by 30% since this event.

Statistics also show that the crime and murder rate in El Salvador has decreased significantly since the year 2020. However, the president noted the growth in national tourism, saying:

“But domestic tourism is growing more than that, mainly because of our crackdown on gangs.”

government suffered Bukili It was heavily criticized for the action taken by the gang to stop gang-related crimes, and to declare a state of emergency that resulted in the arrest of more than 9000 someone last April. However the president claims that this has spurred the growth of the national tourism industry.

The government also expects investments Bitcoin New that will bring more supporters Bitcoin to the country. Recently, I announced Melina Mayorga ambassador El Salvador in United StateThe Bank of the Future, an investment platform in cryptocurrency, will invest 6 billions of dollars in the country.

Read also: El Salvador is betting its future on Bitcoin and cryptocurrencies… why?

Source: Crypto Arabia

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