Bitcoin Beach to Receive More Than $200 Million in Infrastructure Investments in El Salvador

Bitcoin Beach to Receive More Than $200 Million in Infrastructure Investments in El Salvador!

El Zonte, a beach in El Salvador that has been renamed “Bitcoin Beach” for its adoption of cryptocurrency, will receive infrastructure investments as part of the El Salvador government's strategic plan. Road improvements and enhancements will also be made at Surf City, another beach destination in the La Libertad region.

Bitcoin Beach will make improvements from Infrastructure Investments

Bitcoin Beach, a beach in El Zonte, El Salvador, is receiving several infrastructure upgrades from the country's government. The beach is iconic for adopting bitcoin to create a circular economy in the region. These investments have initiated a new construction method so that tourists can benefit from the region better.

Chairman Nayib Bukele said the following about these investments: El Zonte for many is known as Bitcoin Beach; we are going to fix an area of 15,000 square meters, where there will be a shopping center, parking, beach club, and treatment plant, to revitalize the area.

In total, the government of El Salvador will spend more than $200 million on infrastructure, including a new drainage system, bridges, and bicycle roads, among other facilities.

Bitcoin and Surf Crucial for Salvadoran Tourism

This set of investments is in line with the government's earlier statements about the impact of surfing and bitcoin on the growth of national tourism. A recent report confirmed that El Salvador is on the list of countries that have increased their tourism revenues to pre-pandemic levels.

Bukele attributed this to three elements: the fight against gangs in the country, surfing, and bitcoin. Other officials of the El Salvador government also praised bitcoin as a catalyst for tourism growth this year. In April, El Salvador's tourism minister, Morena Valdez, stated that the adoption of bitcoin as legal tender has helped the industry grow by 30%.