Topic: El Salvador claim bitcoin attracts tourists right or wrong? - page 2. (Read 719 times)

maybe bitcoin is just a complement for convenience for tourists who really want to go to elsavador and can use the convenience of being able to make transactions using bitcoin.
but I agree with my friend above that there are many tourists to Elsavador because the tourist attractions there are qualified and can be used as destinations for those who want to find entertainment. so elsavador should continue to beautify themselves and prepare well so that many tourists feel comfortable staying there to spend their money, so that the economy can improve. bitcoin is clearly only as a confidence enhancer for tourists who really want to use bitcoin payments.

Since I didn't visit this country I cannot say a lot about other interesting options for tourists in El Salvador but from what I can see these days the governments of El Salvador are trying hard to attract people to El Salvador as a new home of bitcoiners and the people who like investing in bitcoin, however regardless of the options people can get from using bitcoin in El Salvador they governments should provide them more safely especially for the tourists, because this can be another way for El Salvador to get some income in the future.

It's both right and wrong. It's right in a sense that it probably did attract crypto tourists because it sure ain't the prospect of a person getting kidnaped something that would attract people to come over there on their holiday. The wrong thing about it is that we can't be sure it's really that number, how many of those people are just crypto expats wanting to move there more permanently, and it's not really a sustainable model that would attract continuous tourists.

Well, that was what they think but I don't think it was realistic rather than fake news.
I'd expect how El Salvador President to have this idea but thinking why we never hear people, Bitcoiners go there and spend their Bitcoins? People will go to that place without minding if Bitcoin is accepted or not, they go there because they want to spend good moment in El Salvador.

I'd say is was overly speculated - might say it is one of their attributes but there are so many reason why tourist come and visit , not because of Bitcoin alone.

That’s because Spain has 257 bitcoin ATMs in the country, against the 212 in El Salvador. I mean if Bukele can attribute the tourism recovery to bitcoin in the country, I can do likewise, with the same (apparently baseless) set of information.

Much as they like to attribute the recovery to pre-pandemic figures to bitcoin related tourism, they really should back the assertion with some undeniable data pulled from somewhere other than where I think it came from. Sure some traction will have come from it, but say a 5% attribution or a 30% attribution would have completely different readings, and having a lack of data leaves us in the blue really.

I wouldn't say that thousands of new bitcoiners means that tourists are flocking to El Salvador mainly because of the country's use of Bitcoin as legal tender. There is still at least a million who are coming for other reasons if those numbers are correct.

Despite their adoption of Bitcoin, I wouldn't want to visit El Salvador. Gang violence, crime, drugs... those are all things that are more important to solve than paying my way with Bitcoin.

I too agree on this.
The main reason for which many people have paid a visit to the place is due to the adoption of Bitcoins.
As other countries cannot implement tax on Bitcoins and declaring it as an illegal source of income or asset, El Salvador has done immense job to handle these types of pressure.
Also El Salvador has great beaches and water bodies, so this might also attract more tourists to visit the place along with Bitcoins.

The recent rise in tourism was due to relaxation in covid regulations and has nothing to do with bitcoin. Correlation isn't causation.

If you take a dump when the sun rises, are you going to credit your colon for the movement of celestial bodies in the solar system? This take about bitcoin propelling tourism is equally stupid.

There's one thing happening for certain tho: Money laundering. Buy BTC with your illicit funds, and run a fake hotel business in El Salvador to convert your BTC into clean USD at reduced tax  

Their dictator is all about bling and show, while its people suffer in poverty. FUCK BUKELE   AND FUCK HIM TWICE FOR REDUCING BITCOIN AS A DEVICE FOR HIS PROPAGANDA MACHINE

If Bitcoiners are great tourists, and if Salvador is such an attraction then why don't we have topics over topics on how users here have spent their vacation in Salvador? We have thousands of members and yet....nothing! Everyone is saying how great this is, how it will make millions in tourism income, and how bitcoins will spend thousands but when it comes to themselves it seems like holding coins and stashing them is way better.


Bukele should be jealous of how Spain is doing:

Progress in the economy? 10% budget deficit, 5 billion trade deficit?
 

I agree with this, and more so with restrictive legislations that force KYC to the extreme, such as the one in place in the European Union. It seems to me that if it ends up being approved the trips of Europeans to El Salvador are going to grow, for sightseeing, spending their Bitcoin while in the country and exchanging some Bitcoin for fiat.

But I doubt the use of bitcoin as a tourist initiative, so far I do not know the reality on the ground. I read this article, there was a merchant in the tourism area who never had a bank account. If it is assumed that some retail merchants do not have bank accounts and only use bitcoin as an electronic payment method, of course this growth cannot be called organic.
In addition, there is no stated percentage of tourists actually using bitcoin during their vacation there.

There might be a boom in the tourism sector of El Salvador because of bitcoin being legal tender over there as people from across the globe wants to test this up like paying at street foods and big restaurants with just one scan and use of LN walllets.Frankly saying then btc has helped El Salvador recovered in many ways and making progress in economy section also as you see tourism boost foreign reserves of the country.

Whether an overstatement or understatement, there is credence to this statement and some may say "proof".  However, this needs to be taken a step further to show this is true even when all dependencies are accounted for and taken out of the equation.  I believe Bitcoin helps but is the bigger attraction Bitcoin in and of itself or that crime is dramatically down as well?

in fact is the number of tourists or tourists visiting el salvador to increase after the news about the adoption of bitcoin as a means of payment in el salvador was legalized.
so at first el salvador was not a famous country. but after the policies taken by el salvador regarding bitcoin payments. so from that moment el salvador became a country that was quite famous as the first country to legalize bitcoin as a means of payment in that country.

even i just found out there is a country called el salvador is after the news appeared.

so it's natural that tourists become more and more visiting el salvador. because el salvador became better known after his phenomenal policy was widely discussed in various media.

so the reason people go to el salvador as tourists is that they basically become curious about the country of el salvador itself. and maybe some of them want to try bitcoin as a means of payment. or there are visitors who are just curious about the hotly discussed country.


in fact EL SALVADOR is now FAMOUS. so that once more known it will certainly attract tourists to visit it. whether you know bitcoin or not. but the initial trigger was after the policy taken by el salvador regarding bitcoin as a means of payment.

and even i think el salvador will go down in the history books as the first country to legalize bitcoin as a means of payment.

As no specific documents were released, only a statement from the president of El Salvador on twitter. That makes a lot of people skeptical.
From my perspective, there's also a bit of bitcoin relevance as El Salvador has emerged with claims of accepting bitcoin as legal tender, which may interest curious tourists.

If I have time or stay near El Salvador, I myself would not hesitate to visit their country once. Aside from visiting their hometown, as a bitcoin investor, it would be interesting to be able to use bitcoin to pay for most daily expenses with bitcoins without fiat. It was an experience that I thought would be great. Everyone should try, like how we live in a world with no fiat but only bitcoin. Isn't this what we've always wanted?

This clearly shows that the understanding of people in that country has not been maximized regarding the use of bitcoin as a means of payment, when viewed from the content of the news you load, bitcoin is not fully understood by the people there.

Or it could be that they don't fully trust Bitcoin as a means of payment that makes it easy for them to transact, we can also conclude an illustration of the example in that country, the convenience offered by the developer concept also doesn't look optimal, I think this is also involved in matters of trust in the level of security and comfort in Bitcoin usage in the environment

I my country I have to hide to carryout transactions with Bitcoin. I would definitely want to experience the freedom of using Bitcoin without restrictions. If I have the opportunity of choosing between visiting countries in South America, I would definitely choose El Salvador.Although basic amenities such as infrastructures and security must be put in place to make that country a tourist hub.   

Just because of bitcoins? and is sure every tourist is interested? not too
El Salvador even before adopting Bitcoin has become one of the countries that have tourist destinations. As for Bitcoin there, it is not mandatory for tourists to make transactions because it will be very narrow if only visiting. Perhaps only a few percent after the rise of the country of El Salvador in the media as it is famous for adopting Bitcoin.

For sure most tourists there are aware of El Salvador using Bitcoin as legal tender, they want to experience a country that is using Bitcoin as legal tender.
For me, I can consider legalizing Bitcoin to their country attracts tourists for sure. One of the many dreams of Bitcoin maximalists or using Bitcoin is to experience a place where you can really use Bitcoin just a normal payment everywhere.

I have visited the country and it looks like they are working on becoming more secure and improving the infrastructures.
There is a long way to go, but I contributed by giving my sats to those accepting BTC.
There are still few places accepting bitcoin, a good way to find them is through the bitcoinbeach wallet map.