• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Sunday, July 20, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto Bitcoin

El Salvador sees a 30% jump in tourism after making BTC legal tender

by Reshab Agarwal
February 23, 2022
in Bitcoin, Crypto, News
Reading Time: 2 mins read
0
El Salvador filled its pockets with cheap Bitcoin in the dip
TwitterWhatsappLinkedin

El Salvador sees a 30% jump in tourism after making Bitcoin legal tender, says the country’s tourism minister. This is positive news as the government has actually benefitted from the step. The government also said that having crypto as a payment option makes it easier for them to do business with more partners. All in all, the step of making BTC legal tender is helping the country’s economy.

You might also like

As Pump.fun Slows Down, FUN Token Offers Fresh Incentives for Meme Coin Fans

Viceroy Report Raises Concerns Over Vedanta Semiconductor Unit’s Dealings

India Emerges as Global iPhone Hub: Apple Exports Hit $5 Bn in Just One Quarter

How is Bitcoin helping El Salvador?

Being the first country to adopt Bitcoin as a legal tender has its own advantages and disadvantages. While the disadvantages are few and are mainly in terms of unknowns when coming to this decision, there are many benefits. The El Salvador government has also outlined them for us to know. They had a post on the government site saying that this step made it possible to bring innovating and financial freedom to the country. And the most prominent sector that benefited from it was tourism.

El Salvador sees a 30% jump in tourism after making BTC legal tender
Image Source: Crypto Potato

In fact, this has become one of the reasons why many people are visiting the nation. They come to see how crypto works, says the head of the ministry of tourism in El Salvador. The growth has even outpaced their expectation as they received 1.4 million visitors, which is much higher than the forecasted 1.1 million.

Having Bitcoin as a legal tender also makes it easier for them to do business with multiple partners globally. This means it will help the economy grow even further and will also be beneficial for the GDP of the nation. For the first time in El Salvador’s history, they have been able to achieve more than 10% growth in GDP.

Other nations could soon adopt BTC as legal tender

With the economic benefits that a small nation like El Salvador is bestowed upon due to Bitcoin, larger countries might follow soon. There have already been reports of many nations considering the idea of making Bitcoin legal tender. And with the latest update from El Salvador’s government, this step could come to fruition even faster.


What are your thoughts as El Salvador sees a 30% jump in tourism on making BTC legal tender? And do you think that this will urge other nations to adopt BTC as well? Let us know in the comments below. Also, if you found our content informative, do like and share it with your friends.

Also Read: Ledger hardware wallets now supported on Coinbase.

Tags: #El_Salvador#legal_tenderbenefitsbitcoinEconomyTourism
Tweet54SendShare15
Previous Post

Ledger hardware wallets now supported on Coinbase

Next Post

Swiggy preparing for $800 million IPO early next year

Reshab Agarwal

Reshab is a tech-enthusiast who likes to write about all things crypto. He is a Bitcoin bull and believes in a decentralized future of finance. Follow him on Twitter for more!

Recommended For You

As Pump.fun Slows Down, FUN Token Offers Fresh Incentives for Meme Coin Fans

by Thomas Babychan
July 19, 2025
0

In the chaotic and fast-moving world of cryptocurrency, trends come and go quickly. Platforms rise overnight, only to be overtaken by new competitors in a matter of weeks....

Read more

Viceroy Report Raises Concerns Over Vedanta Semiconductor Unit’s Dealings

by Rounak Majumdar
July 19, 2025
0
Viceroy Report Raises Concerns Over Vedanta Semiconductor Unit’s Dealings

A new report by US-based short seller Viceroy Research has brought the spotlight back onto Vedanta Limited’s semiconductor ambitions, raising serious questions about the business practices of its...

Read more

India Emerges as Global iPhone Hub: Apple Exports Hit $5 Bn in Just One Quarter

by Ishaan Negi
July 19, 2025
0
Apple to pay up to $500 million to iPhone users after judge nixes final appeal

India's ambition to become a global electronics powerhouse just got a significant boost. Apple has exported over $5 billion worth of iPhones from India during the April–June quarter...

Read more
Next Post
Swiggy Logo Mockup

Swiggy preparing for $800 million IPO early next year

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?