The bitcoin beach, in El Zonte, El Salvador, will soon be getting some infrastructure upgrades by the country’s government. The beach is famous for using bitcoin to create a circular economy in the area. The funds will be used to construct a new set of facilities for tourists to enjoy.
In regards to the execution of the investments. President Nayib Bukele said. “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, treatment plant, to revitalize the area.”
A different beach Surf City, also called El Tunco, will similarly benefit from future investments. The benefits for El Tunco will be to bring strategic developments for tourism purposes. This upgrade to Surf City will be the second phase of the project.
Bukele explained, “This year, we will expand 21 kilometers of the coastal highway to four lanes. And we will also do it with hydraulic concrete, which is more expensive that asphalt but lasts much longer.”
The El Salvador government will spend a total of $203 million on infrastructure. This will include a new drainage system, bridges, bicycle roads, and other facilities.
This combination of investments for the bitcoin beach goes hand in hand with what the government has already mentioned regarding the impact of surf and bitcoin on national tourism growth. A recent analysis indicated that El Salvador was among the countries that had already returned to pre-pandemic levels of tourism-derived income.
Bukele linked this to three factors: the struggle against gangs in the country, surfing, and bitcoin. Other El Salvadorian government officials have praised bitcoin as a stimulus for tourism growth this year. Morena Valdez, El Salvador’s tourism minister, indicated in April that using bitcoin as legal tender had boosted the sector’s growth by 30%.