El Salvador’s Bitcoin-fueled Vet Hospital Opens This Week

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Nay­ib Bukele’s admin­is­tra­tion 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 worth of BTC.

Not Just Daydreaming

Apart from becom­ing the first coun­ty to embrace bit­coin as legal ten­der, El Sal­vador has also pur­chased the pri­ma­ry cryp­tocur­ren­cy on a macro-eco­nom­ic lev­el. In Octo­ber 2021, the gov­ern­ment dis­closed they will use its $4 mil­lion prof­it (at that time) from the invest­ment to cre­ate a mas­sive vet­eri­nary hos­pi­tal in San Sal­vador (the capital).

Just four months after the announce­ment, the facil­i­ty will open its doors. The exact date is Feb­ru­ary 24, as the hos­pi­tal, named Chi­vo Pets, will stay open 24/7. It will have oper­at­ing rooms, reha­bil­i­ta­tion, hos­pi­tal­iza­tion, quar­an­tine rooms, and oth­er med­ical features.

It is worth not­ing that the hos­pi­tal bears the name of the Chi­vo Bit­coin wal­let. The lat­ter is a mobile app allow­ing peo­ple and busi­ness­es to facil­i­tate cryp­to transactions.

The bit­coin-lov­ing Pres­i­dent Nay­ib Bukele informed that each hos­pi­tal pro­ce­dure will cost $0.25 worth of BTC as cus­tomers could apply any wallet.

Ear­li­er this month, El Sal­vador intro­duced its new cryp­tocur­ren­cy edu­ca­tion cen­ter called “La Casa Del Bit­coin” (trans­lat­ed in Eng­lish: “The House of Bit­coin”). It pro­vides “free and acces­si­ble learn­ing oppor­tu­ni­ties” for peo­ple will­ing to under­stand the asset’s merits.

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 had changed as well. Pri­or to the adop­tion, most peo­ple com­ing to El Sal­vador were arriv­ing from Guatemala, Hon­duras, or Nicaragua. Cur­rent­ly, 60% of tourists are res­i­dents of the USA.

In addi­tion, trav­el­ers have start­ed spend­ing more mon­ey dur­ing their stay in the nation. The offi­cials expect­ed prof­its of $800,000, while the actu­al num­ber turned out to be over $1.4 mil­lion of income in for­eign currency.

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