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Minister Morena Valdez says tourism in El Salvador grew 30% after official adoption of Bitcoin

February 22, 2022
Reading Time: 3 mins read
0
San Salvador
What is Bitcoin?

Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.

Since the announcement of the adoption of Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. as the official currency currency is a medium of exchange that defines value. of El Salvador, there have been many people interested in witnessing this phenomenon firsthand. This has also attracted important international personalities, as well as prominent events in the digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency space.

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***

The Minister of Tourism of El Salvador, Morena Valdez, revealed that after the adoption of the Bitcoin by September 2021, the sector has experienced a growth of 30%.

Adoption Bitcoin impulsó turismo en El Salvador

This was revealed by Valdez in a set of messages recently published through the official channels of the government of El Salvador, where he stressed that the adoption of the main cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. had a quite remarkable impact on tourism, noting the following:

“We did a survey to check the activity according to before and after Bitcoin. The tourism sector increased in November and December, This represents an increase of more than 30%”.

Delving even deeper into these data, the minister reported that what was seen exceeded the projections originally contemplated for El Salvador within the sector, since about 1.4 million visitors were recorded, which attracted revenues of USD $ 1.462 million in foreign exchange. Another interesting fact is that 60% of the visitors who came to the country came from the US.

La titular del @MITURElSalvador , @MorenaValdezSV , informa que El Salvador superó las proyecciones en turismo, alcanzando los 1.4 millones de visitantes y las $1,462 millones en divisas.

Según la Ministra, el 60% de los visitantes provino de Estados Unidos. pic.twitter.com/UzTjB1hsKs

– Noticiero El Salvador ???????? (@NoticieroSLV)February 21, 2022

“The implementation of the #Bitcoin has benefited the sector, more tourists and investors have come to see how cryptocurrency works,” he says. pic.twitter.com/OHGQQybaK9

– Noticiero El Salvador ???????? (@NoticieroSLV)February 21, 2022

And in addition to the above, Valdez commented:

“We had projected USD $800,000 in foreign exchange; but we got more than USD $1.4 billion in revenues…”.

Tourism in El Salvador

According to information shared by the president of the nation, Nayib Bukele, the tourism sector represents one of the most important areas for the growth of the country, appearing as the second economic boost for the country in 2022.

According to Valdez, the implementation of Bitcoin was a strategy that encouraged the arrival of foreign tourists, so that now most of the visitors do not come from neighboring countries in the region, but from geographically more distant places.

Among Valdez’s plans for tourism in 2022, the ministry plans to promote three sectors:

“There are three pillars for the development of tourism. The first is infrastructure, the second is to strengthen human resources and the third is everything related to surfing tournaments”.

En cuanto a Bitcoin, desde su adopción en septiembre del año pasado, son muchas las personas que se han acercado al país para constatar y documentar presencialmente la posibilidad de utilizar la moneda digital para pagar por bienes y servicios en la nación centroamericana. De la misma forma, esta también ha sido escenario de importantes eventos internacionales del sector, lo cual también atrajo a muchos visitantes y personalidades internacionales.


  • President Nayib Bukele Offers El Salvador Citizenship to Foreign Investors
  • U.S. Senators propose law to protect their country from risks of Bitcoin adoption in El Salvador
  • El Salvador authorities inform that the first Bitcoin bond will be issued between March 15th and 20th.

Source: Twitter, ElSalvadorinenglish

Version by Angel Di Matteo / DiarioBitcoin

Imagen de Unsplash

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