El Salvador’s political leader outlined in a recent interview the most important advantages which adopting bitcoin as a legal tender brought to his nation. First, it made the Latin American country much more attractive to travelers, boosting tourism by approximately 95%.
“We have increased tourism by 95%, and that’s in part because of bitcoin. There’s a lot of bitcoiners that want to go to the country where bitcoin is legal tender, we have bitcoin conferences.”
El Salvador’s Minister of Tourism – Morena Valdez – said nearly a year ago that the local tourism industry went up 30% in the first three months after embracing BTC. She explained that the nation has become highly popular with Americans, who accounted for 60% of all visitors.
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