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

El Salvador’s Bitcoin-fueled Vet Hospital Opens This Week
Cryptocurrency News
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The Nayib Bukele administration has announced that the veterinary hospital built by Bitcoin benefits will open on Saturday (February 26). The Chair advised that each salary would cost $0.25 BTC.

Not just the daydream.

In addition to becoming the first county to embrace Bitcoin as a legal tender, El Salvador also bought 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).

Barely four months after the announcement, the facility will open for business. The exact date is February 24, as the hospital, called chivo pets, will remain open 24/7. There will be operating rooms, rehab rooms, in-patient rooms, quarantine rooms and other medical facilities.

Note that the hospital is named after the chivo bitcoin portfolio. It is a mobile application that allows people and businesses to facilitate cryptoal transactions.

Bitcoin-loving president nayib bukele informed that each hospital procedure will cost $0.25 btc value that clients 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 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 primary flow of visitors had also changed. Before adoption, most people who came to El Salvador were from Guatemala, Honduras or Nicaragua. Currently, 60% of visitors are US residents.

In addition, travellers began to spend more money during their time in the nation. Officials were expecting profits of $800,000, while the actual figure turned out to be over $1.4 million in foreign currency revenues.