Honduras Creates ‘Bitcoin Valley’ to Accelerate Cryptocurrency Adoption

One more step towards the adoption of cryptocurrency? Honduras has announced the creation of a “Bitcoin Valley”, which will promote payments in BTC. This is only the latest initiative of the country, which seems to want to put on this type of assets to have its economy evaluated.


The Bitcoin Valley of Honduras

The so-called “Bitcoin Valley” will be established in Santa Lucia, a small tourist town located not far from the capital of Honduras. Over there, about sixty traders will accept payments in cryptocurrency. To do this, they will be offered training to understand the issues and master the tools.

The initiative was taken by the Blockchain Honduras association, as well as Coincaexa Guatemala-based cryptocurrency exchange.

César Andino, the owner of small tourist businesses in Santa Lucia, confirmed to our colleagues at La Prensa that he is betting big on the use of cryptocurrency:

In Santa Lucia, we will all participate in this project. We think about it all. Accepting Bitcoin will allow us to open another market, to gain more customers. We need to globalize. We can’t close ourselves to technology and we can’t be left behind when other countries are already doing it. »

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Honduras turns to Bitcoin and cryptocurrencies

Honduras had already shown its ambitions in cryptocurrency adoption. Already, a special economic zone on the island of Roatan, Próspera, had adopted Bitcoin as legal tender. Honduras was also one of 44 countries to visit El Salvador last May to discuss the adoption of Bitcoin.

All of this, of course, is part of a larger trend that we are increasingly seeing in Latin America. We see countries which are gradually testing solutions based on cryptocurrencies in order to cope with the loss of value of their fiat currencies. While the prices of crypto-assets are far from having recovered from their substantial fall in recent months, this shows that their value proposition is indeed intact.

👉 On the same subject – Argentinians rush to stablecoins following the resignation of the Minister of Economy

published by editions Larousse

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Source: Reuters

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