Recently El Salvador confirmed bitcoin magnets tourists to the nation. Claims bitcoin attracted 1.1 million visitors in 6 month was opposed by the wall street journal, saying most visitors never used bitcoin in the bitcoin beach and other stores that accepted bitcoin in the country.
It is right that El-Savador does not adopt bitcoin all because of tourist attraction but in it adoption comes a tourist advantage and opportunities in which it has utilize such opportunity to make a good economy advantage as well.
Given an example of a small bohemian hotel Lagarza" owned by Daniel García, who confirmed only 15 bitcoin transaction since it became a legal tender in the country.
Do you think 15 bitcoin worth of transaction is a small figure with respect to USD, when you do the conversion you will discover that it's a reasonable amount at least on just a single entity made for transaction.
He went further saying that most visitors in the country paid with bitcoin to brag, though, it was made known in the article that, some vendors in El Salvador don't have a bitcoin wallet. And the country need to teach citizens how to transact with bitcoin to enable swift transaction.
Those vendors may not necessarily use only the chivo wallet but i can assure you that everyone there has a good advantage in making use of the chivo wallet
What could have attracted cryptocurrency tourists to El Salvador if not bitcoin? So I think the wall street journal article covered a small part of El Salvador hotels.
Exactly!