Tourism In El Salvador Rises In Spite Of Bitcoin Bear Run
El Salvador was the first country to make Bitcoin a legal tender. Though some speculations have given pessimistic forecasts on the implications for the nation, things seem to be moving in a contrary wave. El Salvador’s tourism record has shown a tremendous spike for the first half of 2022. According to government data, the country […]
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Nayib Bukele, the president of El Salvador, declared that the speedy recovery of tourism in the country had to do with three elements, including surfing, bitcoin, and overall crime reduction. El Salvador was one of the 15 countries that managed to take their tourism incomes to pre-pandemic numbers according to data from the World Tourism Organization.
Nayib Bukele States International Tourism Growth Is Powered by Bitcoin in El Salvador
Nayib Bukele, the president of El Salvador and promoter of the adoption of bitcoin (BTC) as legal tender in the country, shared his thoughts about....
El Salvador’s tourism has grown more than 30% after adopting bitcoin as legal tender, according to the country’s ministry of tourism. “Cryptocurrency multiplies the opportunities to do business with more partners anywhere in the world,” the Salvadoran government explained.
El Salvador’s Economy Boosted by Bitcoin Law
The Salvadoran government has outlined some economic benefits resulting from adopting bitcoin as legal tender. The country’s bitcoin law went into effect in September last year, making BTC a national currency alongside....
Tourism is booming in El Salvador. Since September, when the Bitcoin Law went into effect, it’s up by “more than 30%.” Good news all around, right? But, how did the media react? How did they report on these numbers? We’ll find out after the quotes from Morena Valdez, Minister of Tourism, who told El Salvador […]
Morena Valdez, the tourism minister of El Salvador, has spoken on the recovery the tourism sector of the country has reportedly experienced even after the Covid-19 pandemic. According to Valdez’s statements, tourism has greatly benefited from the introduction of bitcoin as legal tender in the country, and from the foreigners that come to the country for bitcoin-related purposes and business.
Tourism Recovers in El Salvador
Morena Valdez, the tourism minister of El Salvador, has brought out information about the recovery of the tourism sector in the country. Even after....
El Salvador, the first country to adopt Bitcoin as legal tender, has seen explosive growth in tourism numbers in the first half of 2022. Tourism in El Salvador has soared in the first half of 2022. Up 82.8% just this year, there were 1.1 million visitors to El Salvador this year, according to government figures. That's despite the price of Bitcoin (BTC) sinking almost 50% since Jan. 1. Data from the World Travel Organization reinforces the claims. The tiny Central American country is internationally recognized as “one of the countries with the best rate of tourism recovery in the region as....