Nayib Bukele’s administration has announced that the veterinary hospital built with bitcoin profits will open on Saturday, February 26. The president revealed that each treatment will cost $0.25 in BTC.
Not just daydreaming
In addition to becoming the first country to adopt bitcoin as legal tender, El Salvador also bought the leading macro-level cryptocurrency. In October 2021, the government announced that it would use the $4 million in profits (at the time) from the investment to create a huge veterinary hospital in San Salvador (the capital).
Only four months after the announcement, the establishment will open its doors. The exact date is February 24, as the hospital, named Chivo Pets, will remain open 24/7. It will have operating rooms, rehabilitation, hospitalization, quarantine rooms and other medical features.
It should be noted that the hospital is named after the Chivo Bitcoin wallet. The latter is a mobile application for individuals and businesses to facilitate crypto transactions.
Bitcoin-loving president Nayib Bukele informed that each hospital procedure will cost $0.25 in BTC as customers could use any wallet.
I want to watch a video on #Bitcoins and pets?@chivopets is the very first #Bitcoins fully funded veterinary hospital.
Each treatment will only cost $0.25, paid in #BTC, with any wallet. https://t.co/qODeo1eO3M
— Nayib Bukele 🇸🇻 (@nayibbukele) February 25, 2022
Earlier this month, El Salvador introduced its new cryptocurrency education center called “La Casa Del Bitcoin” (translated in English: “The House of Bitcoin”). It offers “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 had a positive impact on the local tourism sector. Specifically, she said it has increased by more than 30% since this legislation.
The politician added that the main flow of visitors has also changed. Prior to adoption, most people coming to El Salvador came from Guatemala, Honduras or Nicaragua. Currently, 60% of tourists are residents of the United States.
Moreover, travelers have started to spend more money during their stay in the country. Officials expected profits of $800,000, while the actual figure turned out to be more than $1.4 million in foreign exchange earnings.
Binance Free $100 (Exclusive): Use this link to sign up and receive $100 free and 10% off Binance Futures fees for the first month (terms).
PrimeXBT Special Offer: Use this link to sign up and enter code POTATO50 to receive up to $7,000 on your deposits.