Honduras creates “Bitcoin Valley” to accelerate the adoption of cryptocurrencies

Another step towards cryptocurrency adoption? Honduras has announced the creation of a “Bitcoin Valley”, which will promote payments in BTC. This is just the latest initiative by the country, which seems to want to bet on this type of asset to develop its economy.


The Bitcoin Valley of Honduras

The so-called “Bitcoin Valley” will be born in Santa Lucia, a small tourist resort located not far from the capital of Honduras. Over there, about sixty merchants will accept cryptocurrency payments. To do this, they will be offered training to understand the problems and become familiar with the tools.

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

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

In Santa Lucia, we will all participate in this project. We put everything there. Accepting Bitcoin will allow us to open another market, to acquire more customers. We need to globalize. We cannot close ourselves to technology and we cannot be left behind when other countries are already doing so. “

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Honduras turns to Bitcoin and cryptocurrencies

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

All of this, of course, is part of a broader trend that we are seeing more and more in Latin America. Let’s see the countries who are gradually testing cryptocurrency-based solutions in order to cope with the loss in value of their fiat currencies. While cryptocurrency prices are far from having recovered from the substantial drop in recent months, this shows that their value proposition is indeed intact.

👉 On the same topic – Argentines rush to stablecoins after the resignation of the Minister of Economy

published by editions Larousse

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Source: Reuters

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