The management of Nayib Bukele has announced that the veterinary hospital built by bitcoin profits will open on Saturday (February 26). The president revealed that each treatment will cost $0.25 in BTC.
Not just daydreaming
In addition to becoming the first county to adopt bitcoin as a legal tender, El Salvador also purchased the main cryptocurrency on a macroeconomic level. In October 2021, the government announced that it will use its $4 million profit (at the time) from the investment to create a huge veterinary hospital in San Salvador (capital).
Just four months after the announcement, the facility will open its doors. The exact date is February 24th as the hospital, called Chivo Pets, will be open 24/7. It will have operating rooms, rehabilitation, hospitalization, quarantine rooms and other medical resources.
It is worth mentioning that the hospital takes its name from the Chivo Bitcoin wallet. The latter is a mobile app that allows people and businesses to facilitate crypto transactions.
Bitcoin-loving president Nayib Bukele reported that each hospital procedure will cost $0.25 in BTC as customers can apply for any wallet.
— Nayib Bukele 🇸🇻 (@nayibbukele) February 25, 2022
Earlier this month, El Salvador unveiled its new cryptocurrency education hub called “La Casa Del Bitcoin” (translated into English: “The House of Bitcoin”). It offers “free and affordable learning opportunities” for people willing to understand the merits of the asset.
El Salvador became more popular after adopting BTC
According to the Minister of Tourism — Morena Valdez — El Salvador’s decision to make bitcoin an official means of payment has positively impacted the local tourism sector. Specifically, she said it has increased by more than 30% since that legislation.
The politician added that the main flow of visitors has also changed. Before adoption, most people coming to El Salvador came from Guatemala, Honduras or Nicaragua. Currently, 60% of tourists are US residents.
In addition, travelers began to spend more money during their stay in the country. Employees had expected profits of $800,000, while the real figure turned out to be more than $1.4 million of foreign currency revenue.
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