Bitcoin Beach to Receive Over $203 Million in Infrastructure Investments in El Salvador – Emerging Markets Bitcoin News

El Zonte, on the coast of El Salvador Rechristened as “Bitcoin Beach” due to the adoption of cryptocurrency, the El Salvador government will receive infrastructure investments as part of its strategic plan. Surf City, another beach area in the La Libertad region, will also receive road improvements and other improvements.

‘Bitcoin Beach’ to benefit from infrastructure investments

Bitcoin Beach in El Zonte, El Salvador, is receiving infrastructure upgrades from the country’s government. The beach is famous for taking bitcoins to build a circular economy in the area. These investments lead to the construction of new facilities for tourists to enjoy the area better.

Regarding the performance of these investments, President Naib Bukel said:

El Zonte is known to many as the Bitcoin beach; We will renovate a 15,000 square meter area to revitalize the area.

Surf City, also a beach known as El Tunco, will also benefit from these investments that will expand along with the La Libertad region. This is part of the second phase of the Surf City project, which aims to bring strategic developments to the area so that tourism can flourish.

The La Libertad region will receive a new set of roads to give tourists better access to the sites. Bukele explained.

This year, we will expand the 21-kilometer coastal highway to four lanes. And we do it with hydraulic concrete, which is more expensive than asphalt, but lasts longer.

In total, El Salvador’s government will spend more than $203 million on infrastructure, including a new sewer system, bridges and bike paths, among other facilities.

Bitcoin and surf are critical to Salvadoran tourism

This set of investments is similar to what the government has previously announced about the impact of surf and bitcoin on the growth of national tourism. A recent report found that El Salvador is among the countries that have regained their income from tourism to pre-pandemic levels.

Bukele attributed this to three elements: the fight against gangs in the country, Surf and Bitcoin. Other El Salvadoran government officials have also praised bitcoin as a factor in the tourism boom this year. El Salvador’s minister of tourism, Morena Valdez, said the adoption of bitcoin as legal tender in April helped the sector grow by 30 percent.

Tags in this story

bitcoin, bitcoin beach, el salvador, el tunco, el zonte, gangs, infrastructure, investments, nib bukel, surf, surf city

What do you think of the Salvadoran government’s investments in Bitcoin offshore? Tell us in the comments section below.

Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. In the year He describes himself as late to the game, entering the cryptosphere when the price surge occurred in December 2017. With a background in computer engineering, living in Venezuela and being socially influenced by the cryptocurrency boom, he has a different opinion. About the success of crypto and how it can help the unbanked and underserved.

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