According to El Salvador's Minister of Tourism, Bitcoin has increased tourism by 30%

El Salvador, the first country to use bitcoin as legal tender, reports that the cryptocurrency has increased tourism which is down 30% since the country recovered from the COVID-19 outbreak.

Bitcoin's economic gains for El Salvador

According to Morena Valdez, the country's tourism minister's acceptance of bitcoin has helped the country's tourism industry as more and more tourists travel to El Salvador to spend their bitcoins.

According to Valdez, the legalization of bitcoin in El Salvador has encouraged bitcoin enthusiasts to spend time and money in the country.

The minister attributed the improvement in the country's tourism industry to three factors, one of which is bitcoin. She said the government's decision to accept bitcoin as legal tender was a wise one.