The US State Department acknowledges that bitcoin has a positive impact on El Salvador's tourism industry
2024-07-26 20:47:08
The U.S. State Department has acknowledged that the adoption of Bitcoin in El Salvador has had a positive impact on the tourism boom the country is experiencing. In its 2024 Investment Climate Statement report on El Salvador, the department recognized that the adoption of Bitcoin as legal tender in 2021 helps the country gain international attention.
As part of the report, the ministry said bitcoin had brought important publicity to El Salvador and contributed to its popularity as a tourist destination, but otherwise had "minimal impact" on El Salvador's economy.