Santander Bank recently shared insights on the remarkable expansion of El Salvador’s tourism sector, attributing a significant portion of this growth to the country’s early adoption of Bitcoin as legal tender in 2021. The transformative move positioned El Salvador as a compelling travel destination, particularly for crypto enthusiasts. Data indicates that the nation welcomed approximately 3.9 million tourists in 2024, marking a robust 22% growth year-over-year, driven largely by visitors from the United States, eager to engage in Bitcoin transactions while exploring the country.
In its analysis, Santander Bank also highlighted improved safety metrics, citing a drop in annual homicides to just 114 cases in 2024, compared to a troubling high of 6,656 incidents in 2015. This combination of enhanced security and the allure of Bitcoin has notably elevated El Salvador’s profile within the global tourism landscape, redefining it as a pioneering nation at the intersection of finance and travel.
Source: https://en.coinotag.com/breakingnews/el-salvadors-tourism-surges-22-in-2024-fueled-by-bitcoins-rise-and-improved-safety-says-santander-bank/