Thanks to the adoption of bitcoin, El Salvador has become a more attractive tourist destination, Minister Morena Valdez said.
El Salvador’s decision to make bitcoin an official payment method inside the nation’s borders has positively affected the local tourism industry, said the country’s Minister of Tourism. Since then, the sector has been up by more than 30% as most visitors come from the United States of America.Similar to other Latin American nations, the tourism sector contributes a significant part of El Salvador’s GDP. Prior to the COVID-19 pandemic, more than 2.
“We did a poll to check the activity according to the before and after of bitcoin. The tourism sector increased in November and December. This increased by more than 30%.”She also added that the main flow of tourists has changed. Before the bitcoin adoption, most people visiting El Salvador were coming from neighboring countries such as Honduras, Guatemala, and Nicaragua. The picture looks different now as 60% of tourists come from the USA.
Travelers have also spent more money during their stay in El Salvador. While the Ministry expected profits of $800,000, the actual number was more than $1.4 million of income in foreign currency.It seems like visitors are not only impressed by white sandy beaches, volcanoes, and ancient ruins.
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