Santander Bank: Influenced by Bitcoin adoption, El Salvador's number of foreign tourists in 2024 increased by 22% year-on-year

ChainCatcher news, according to Bitcoin.com, the globally renowned banking group Santander has highlighted the significant growth of El Salvador's tourism industry in a report, which is closely related to the country's acceptance of Bitcoin.

The report details the process of El Salvador adopting BTC as legal tender in 2021 and how it has transformed the country into a unique destination for travelers, especially cryptocurrency enthusiasts.

According to Salvadoran authorities, the country welcomed 3.9 million tourists in 2024, a 22% increase from the previous year. The influx of tourists is primarily driven by American visitors, many of whom are attracted by the novelty of experiencing Bitcoin transactions in their daily lives.

Santander's analysis links this growth to improvements in safety, 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 in 2015. The combination of declining crime rates and curiosity about Bitcoin has helped El Salvador stand out in the global tourism market.