Nayib Bukele credits El Salvador’s tourism recovery to Bitcoin, surfing and reduced crime – Bitcoin News

Nayib Bukele, the president of El Salvador, said the rapid recovery of tourism in the country is linked to three elements, including surfing, Bitcoin and a general decrease in crime. El Salvador was one of 15 countries that managed to bring their tourism receipts back to pre-pandemic levels, according to data from the World Tourism Organization.

Nayib Bukele states that the growth of international tourism is fueled by bitcoins in El Salvador

Nayib Bukele, the president of El Salvador and promoter of the adoption of Bitcoin (BTC) as legal tender in the country, shared his thoughts on the growth of tourism revenue in the Salvadoran country. Bukele said this growth is a consequence of three key factors: Bitcoin, the promotion of surfing and the reduction of crime.

In a tweet, the president stated:

Only a few countries have been able to recover tourism to pre-pandemic levels. And it’s international tourism, so the reasons behind it are mostly bitcoin and surf.

El Salvador was recently included in a list of countries whose tourism revenue has returned to pre-pandemic levels. According to the World Tourism Organization, El Salvador managed to increase its tourism revenue by 6% compared to 2019.

This report is in line with what the authorities have been reporting about the effect of bitcoin’s inclusion in the country since it was declared legal tender. In February, Morena Valdes, the country’s tourism minister, said the tourism industry had risen by 30% since the event.

Statistics further show that El Salvador’s crime and homicide rates have dropped significantly since 2020. Also, in terms of surfing, El Salvador is home to some of the highest rated waves in the world.

National tourism is also growing

However, the President also referred to the growth of national tourism, stating:

But domestic tourism is growing even more, mainly because of our crackdown on gangs.

Bukele’s government has been heavily criticized for measures taken to stop gang-related crime, declaring a state of emergency that led to the detention of more than 9,000 people last April. Bukele, however, argues that this has boosted the growth of the nation’s tourism industry.

To support his arguments, Bukele also linked to the Google Mobility Report, a compendium of data that shows the change in the number of visits that occur in certain locations. The report shows that visits to commercial and recreational facilities, grocery stores and pharmacies, parks have increased over the past three months.

The government is also expecting new bitcoin investments that will bring more bitcoin supporters to the country. Milena Mayorga, El Salvador’s ambassador to the US, recently announced that Bank Of The Future, a cryptocurrency investment platform, will invest $6 billion in the country.

What do you think of Nayib Bukele’s opinion on the impact of Bitcoin on the growth of the tourism industry in El Salvador? Let us know in the comments section below.

Sergio Goshchenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price spike happened in December 2017. Having a background in computer engineering, living in Venezuela and being influenced by the cryptocurrency boom on a social level, he offers a different perspective about the success of cryptocurrency and how it is helping the unbanked and underserved.

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