El Salvador’s Bitcoin Legal Tender Boosts Tourism By 95, President Says

El Salvador’s President says making Bitcoin legal tender increased tourism by 95%. Cryptocurrency adoption is growing in the country. The adoption of BTC in El Salvador hasn’t been without controversy, with The World Bank rejecting the country’s request to assist its transition to the crypto king due to environmental concerns. El Salvador President Nayib Bukele made headlines last year when he announced that the king of cryptocurrencies would become legal tender in his country. Now, nearly nine months after the implementation of the policy, Bukele claims that BTC adoption has led to a significant increase in tourism. According to Bukele, tourism has increased by 95% since the country adopted Bitcoin. This significant figure highlights the potential benefits of embracing cryptocurrencies as legal tender. El Salvador’s move to accept Bitcoin has generated interest from the global crypto community, with many individuals and companies looking to explore investment opportunities in the country.