Honduras officially launches a “Bitcoin Valley”

Honduras has long shown a particular interest in bitcoin (BTC), ever since El Salvador adopted the currency. Seduced by the example of this country, the authorities of Honduras proceeded to the official launch of a “Bitcoin Valley”. It is an area Compatible with bitcoins which is located in the tourist enclave of Santa Lucia.

The goal of Bitcoin Valley

Honduras wants to be among the most prominent countries when it comes to the use of the king of cryptocurrency. According to a Tweeter from Bitcoin Magazine, the authorities of this country have formalized the launch of the “Bitcoin Valley”. In this area, anyone can transact using BTC.

Thus, Cesar Andino, a manager of a commercial place in the area, points out that “people can buy an ice cream with cryptocurrencies in the streets of Bitcoin Valley”. It also indicates the objective of this initiative: “It’s going to open up more opportunities and pull in more people who want to use this currency.”

An initiative that will expand

It should be noted that for a start, the “Bitcoin Valley” will focus mainly on a Sixty shops. It may expand later, over time. We owe the existence of this initiative to the organization Blockchain Honduras, the Technological University of Honduras, the consortium of crypto exchanges Coincaex and the municipality of Santa Lucia.

Clearly, Latin American countries are thinking outside the box and constantly innovating in the but of putting in place new new initiatives for the benefit of cryptocurrencies. After El Salvador, it is Honduras’s turn to join the ranks of “Bitcoin-Nations”, despite the opposition of its central bank. What will be the next country on the list?

Honduras is innovating by accepting a “Bitcoin Valley”, an area in which locals and tourists can transact using cryptocurrencies, including bitcoin (BTC). This is the first time that such an initiative has been implemented in the country and it is expected to expand to other regions. Clearly, cryptocurrencies are gaining in price.

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Avatar of Luc José Adjinacou

Luc Jose Adjinacou

Far from having dampened my enthusiasm, an unsuccessful investment in a cryptocurrency in 2017 only increased my enthusiasm. I therefore resolved to study and understand the blockchain and its many uses and to relay with my pen information relating to this ecosystem.

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