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  • Thu. Aug 18th, 2022

Honduras opens the ‘Bitcoin Valley’ in Santa Lucia

ByNdasi Tata

Jul 31, 2022
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1659192566230 5393a6d0 8c18 470d b05e 1e8370f0d55f

Honduras’ ‘Bitcoin Valley’ joins other bitcoin projects in Central America –  El Salvador’s ‘Bitcoin Beach’ Guatemala’s ‘Bitcoin Lake’, and ‘Bitcoin Jungle’ in Puntarenas, Costa Rica.

Honduras has opened its own bitcoin city in Santa Lucia, a tourist town about 20 minutes from the country’s capital Tegucigalpa.

People now have access to goods and services that they can easily pay for all across the ‘Bitcoin Valley,’ Reuters reported on Friday.

The project is an initiative of Blockchain Honduras, Coincaex (a Guatemalan crypto exchange), the Technological University of Honduras and the local Santa Lucia municipality.

Opening up to crypto-tourism

The launch of ‘Bitcoin Valley’ comes amid increased tourist use of bitcoin and other cryptocurrencies, and its establishment looks to promote the Santa Lucia economy through crypto-tourism and by encouraging local business to start accepting digital asset payments.

The initial plan, according to the report, is to have 60 local businesses adopt the use of crypto – with the training then extended to other enterprises. 

These businesses will not have to worry about the tissue of crypto volatility as merchants will not receive the cryptocurrencies. Rather, the crypto exchange Coincaex will process the payments for merchants within the ‘bitcoin city’, with businesses having instant access to what customers pay via the local currency.

The launch of ‘Bitcoin Valley’ joins other three major crypto projects across the Central American region seeking to promote adoption among the general public within specific towns or regions. 

There’s El Salvador’s ‘Bitcoin Beach’ in El Zonte, ‘Bitcoin Lake’ in Guatemala, and ‘Bitcoin Jungle’ in Puntarenas, Costa Rica.

The post Honduras opens the ‘Bitcoin Valley’ in Santa Lucia appeared first on CoinJournal.

Ndasi Tata

Ndasi Tata is a Cameroonian-born Bitcoin entrepreneur and former state journalist who's also known for being a Bitcoin and Blockchain advocate. He's a crypto lover and reporter and has promoted several crypto projects within the African Continent. He uses a variety of social media and online channels. In addition to running a successful Facebook page with thousands of fans, he also promotes blockchain and bitcoin development initiatives on the well-liked YouTube channel #cryptoafrica-now. He earned an M.Sc. from the University of Nicosia in Cyprus in Blockchain and Digital Currency. At the University of Nicosia, Andreas Antonopoulos, Ph.D., and Antonis Polemitis, Ph.D., serve as role models.

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