Santander Bank: The significant growth of El Salvador's tourism industry is closely related to the country's acceptance of Bitcoin.

One of the world's largest banking groups, Banco Santander, highlighted the significant growth of El Salvador's tourism industry in a report, closely related to the country's acceptance of BTC. The report detailed the process of El Salvador adopting BTC as a legal tender in 2021 and how it transformed the country into a unique destination for travelers, especially encryption currency enthusiasts. According to Salvadoran authorities, the country received 3.9 million tourists in 2024, an increase of 22% compared to the previous year. The influx of tourists is mainly driven by American visitors, many of whom are attracted by the novelty of experiencing Bitcoin transactions in their daily lives. Santander Bank's analysis links this growth to improvements in security, noting that the number of homicides in the country has dropped to just 114 in 2024, a significant decrease from the peak of 6,656 cases in 2015. The combination of a decrease in crime rates and curiosity about Bitcoin has made El Salvador stand out in the global tourism market.