Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul class="summary-list"><li>Since <keyword id="11931676" type="UNKNOWN" weightage="60" keywordseo="el-salvador" source="Orion">El Salvador</keyword> adopted <keyword id="11893902" type="UNKNOWN" weightage="60" keywordseo="bitcoin" source="Orion">bitcoin</keyword> as legal tender in September 2021, local <keyword id="11894427" type="UNKNOWN" weightage="60" keywordseo="tourism" source="Orion">tourism</keyword> has jumped 30%.</li><li>Now, as many as 60% of tourists are coming from the US, said Tourism Minister Morena Valdez. </li></ul>Since El Salvador adopted <a href="https://www.businessinsider.com/el-salvador-makes-bitcoin-legal-tender-2021-9?utm_medium=ingest&amp;utm_source=markets">bitcoin as legal tender</a> in September 2021, tourism has surged, Tourism Minister Morena Valdez told local news outlet <a href="https://elsalvadorinenglish.com/2022/02/21/el-salvadors-tourism-has-grown-by-30-since-the-bitcoin-law/">El Salvador News English</a>.The bitcoin <a href="https://markets.businessinsider.com/news/currencies/bitcoin-price-outlook-el-salvador-president-nayib-bukele-gigantic-increase-2022-1">bullishness</a> of the Central American nation seems to intrigue foreign visitors. After checking activity in November and December, she said tourism numbers showed a spike of more than 30%.Before the bitcoin adoption, most tourists would visit from neighboring countries. Now, as many as 60% of tourists are coming from the US, Valdez said. And along with the jump in tourism, El Salvador has seen a steep influx in foreign currency, said added.Since the country's bitcoin adoption, it has moved more aggressively into the cryptocurrency, led by <a href="https://markets.businessinsider.com/news/currencies/el-salvador-bitcoin-schools-president-nayib-bukele-profits-build-2021-11?utm_medium=ingest&amp;utm_source=markets">President Nayib Bukele</a>, who has become known for trading bitcoin with government funds on his phone. In November, he announced a "<a href="https://markets.businessinsider.com/news/currencies/el-salvador-bitcoin-bond-special-dividend-bitcoin-city-president-bukele-2021-11">bitcoin bond</a>" in a partnership with digital asset firm Blockstream. According to Blockstream, El Salvador has already gotten <a href="https://markets.businessinsider.com/news/currencies/el-salvador-bitcoin-bond-commitments-5-billion-more-coming-2022-2">$500 million in verbal commitments </a>for the bond. One financial executive likened the <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword> offering to a "meme" bond," per the WSJ.El Salvador also has plans to build the world's first "Bitcoin City" next to a volcano which is meant to facilitate geothermal energy for the project, according to Bukele.

El Salvador's bitcoin bullishness has spurred a tourism boom since the country adopted it as legal tender, top minister says

You Searched For "Morena" and got 3 results

El Salvador's bitcoin bullishness has spurred a tourism boom since the country adopted it as legal tender, top minister says

Phil Rosen

Check out the winning candidate list from MP Lok Sabha Seats

BI India Bureau

MP Lok Sabha Election Result 2019: BJP wins state with 28 seats

BI India Bureau

Popular Keywords

Buying Guides