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Cyprus Tourism Industry Breaks Records With €3.12 Billion In 2024

by THEFUTURE.TEAM

January 30, 2025

Cyprus’ tourism sector saw a significant revenue boost in 2024, with total earnings reaching €3.12 billion in the first 11 months, surpassing full-year 2023 revenues of €2.99 billion. According to data from the Cyprus Statistical Service, this marks a €206 million increase (7.1%) compared to the same period in 2023, reflecting strong visitor spending and a thriving travel industry.

Record-Breaking Growth In November 2024

November emerged as a standout month, posting the largest annual revenue increase of the year. Tourism revenue for the month soared to €138.7 million, a 22% rise from €113.7 million in November 2023.

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The average spending per visitor also climbed, reaching €771.02 in November 2024—an 8.2% increase from €712.63 in the previous year.

Top Tourist Markets And Spending Trends

The United Kingdom remained Cyprus’ largest source of visitors, accounting for 25.9% of all tourists in November 2024, with an average daily spend of €80.58.

Polish tourists (11.3% of total arrivals) had an average daily expenditure of €88.80.
Israeli visitors (10.5%) were the highest spenders, averaging €139.80 per day.

Outlook For The Tourism Sector

The robust growth in tourist spending and arrivals underscores Cyprus’ strong appeal as a travel destination, despite global economic uncertainties. With 2024 revenues already exceeding 2023’s full-year figures, the country’s tourism industry is on track for another record-breaking year.

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Telegram Expands U.S. Access To Ton Crypto Wallet

by THEFUTURE.TEAM

July 23, 2025

Integrating Crypto Within A Trusted Platform

Telegram has taken a significant step by launching its TON crypto wallet for 87 million U.S. users. Built on the TON blockchain, this integrated wallet is designed to simplify the onramp for new crypto enthusiasts directly within the familiar Telegram app.

Overcoming Regulatory Barriers

Since 2023, international users have enjoyed access to Telegram’s self-custodial crypto wallet. However, U.S. users were previously restricted due to regulatory uncertainties. With the current expansion, Telegram addresses these challenges, underscoring its commitment to broadening access to digital finance.

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Market Impact And User Adoption

Telegram’s strategy mirrors broader trends in fintech, where ease of use and seamless integration have become key drivers of adoption. Over 100 million global users activated their wallets last year, representing about 10% of Telegram’s total active user base. Additionally, public data indicates that approximately 334,000 transactions occur daily on the TON blockchain, highlighting a vibrant ecosystem.

Strategic Significance For The Crypto Industry

By embedding a crypto wallet directly into its application, Telegram not only boosts user engagement but also sets a benchmark for how established platforms can innovate in the digital currency space. This strategy could serve as a model for other tech giants, reinforcing the value of combining secure, user-friendly digital financial solutions with large, active communities.