- El Salvador has attracted more and more tourists who are interested in living the so-called “Salvadoran experience”, since being in a real crypto environment is a tourist attraction.
- Tourism in the nation had a growth of 82.8% during the first half of the year.
- According to the World Tourism Organization (UNWTO), the Central American nation is recognized worldwide as “one of the countries with the best rate of tourism recovery in the region as of January 2022.”
El Salvador is a Central American nation that decided to risk much more than other countries, even more than the United States, and decided to make Bitcoin legal tender.
Its crypto strategy seeks to enter various digital asset hot springs, in order to modernize the country, which includes acquiring more and more assets from Satoshi Nakamoto, as a medicine to eradicate its public debt.
Crypto tourism increases in El Salvador
That impetus for being a crypto country has had its highlights, which are helping to improve the nation’s economy, thanks to the fact that El Salvador is the Latin American nation that has contributed the most to the spread of Bitcoin.
Thanks to that, Bukele’s nation has attracted more and more tourists, who are interested in living the so-called “Salvadoran experience”, since being in a real crypto environment is a tourist attraction.
To make the growth of the sector more evident, in The Savior tourism had a great growth in the first half of this year, since it accounted for an increase of 82.8 percent, due to the presence of 1.1 million visitors, according to figures from the federal government. More than striking data, if one takes into account that the value of the so-called “digital gold” has been in a tailspin by almost 50 percent since the first day of the year.
For its part, the World Tourism Organization (OMT) reaffirms this fact, since according to the organism, The Central American nation is recognized worldwide as “one of the countries with the best rate of tourism recovery in the region as of January 2022.”
Also, according to the report made by the UNWTOit was pointed out that some “Central American destinations have the best results compared to 2019”, among which El Salvador is evidently with +81% compared to 2019.
Could Bitcoin improve El Salvador’s finances?
Although all this may sound quite positive and favorable, the truth is that it does not correspond to the financial problems that El Salvador is going through, since, Despite the recovery of tourism and the economy in general, the Central American nation does not have its accounts in order to this daysince it currently has one of the highest debts in the world, due to the mismanagement of past governments.
However, debt has been a problem that has become less and less worrying, since with the strategy of becoming a crypto country and with the establishment of the Bitcoin as a legal digital currency, at the moment everything seems to indicate that finances are on the right track.
As mentioned earlier, another of the actions to restore the economy in El Salvador, is the acquisition of Bitcoin in times of recession, like last February when Bukeke acquired $150 million dollars in the so-called “digital gold”.
Also, since the country decided to make Bitcoin legal tender, a large number of Bitcoiners have visited its lands. Among the most prominent are Jeff Booth, entrepreneur and author of Price of Tomorrow, Obi Nwosu, CEO of Fedimint, the decentralized community custody solution, and Samson Mow, CEO of Jan3.
This has also placed The Savior on the map, since according to the Bitcoin analyst, Tone Vays“99.9% of the world had no idea where this country was; maybe 98% didn’t know this country ever existed, now [El Salvador] it’s certainly on the map”.
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