Honduras Launches a brand new Initiative to boost Crypto Adoption

  • Companies in Santa Lucia now accept Bitcoin (BTC) like a payment method.
  • Bitcoin Valley aims to improve the revenue close to 60 local firms in Santa Lucia.

Based on recent surveys, Honduras’ first Bitcoin city named, ‘Bitcoin Valley’ has opened up within the Honduran tourist capital of scotland- Santa Lucia. Included in the new Bitcoin Valley initiative, Santa Lucia need Bitcoin (BTC) for payments. The work aims to improve tourism revenue across 60 local companies. 

Using the launch from the project, the entrepreneurs in Santa Lucia be prepared to boost the possibilities for local companies and get more people, as reported by the reports. 

Cesar Andino, a shopping center who owns Santa Lucia expressed:

Accepting Bitcoin will let us open another market and win more customers. We must globalize. We can’t close ourselves removed from technology, so we can’t be left out when other nations happen to be doing the work.

Bitcoin Expands in Central America 

The Bitcoin Valley was produced together with Blockchain Honduras, the cryptocurrency exchange platform, Coincaex, the Technological College of Honduras, Decentral Academy, and also the town of Santa Lucia.

A couple of days prior to the launch of Bitcoin Valley, Carlos Leonardo Paguada Velasquez, founding father of Blockchain Honduras, mentioned that around 60 companies will begin using the Bitcoin Valley project and also the proprietors of those companies had received Bitcoin and blockchain technology training from Decentral Academy.

Now, Honduras can also be turning towards cryptocurrencies, which permit the citizens to cover products or services. Lately, the Honduran Economic Zone recognized Bitcoin like a legal currency, enabling taxes to become compensated by means of BTC. It’s also made it feasible for companies to issue Bitcoin bonds.

Guatemala is fastly adopting cryptocurrencies and the amount of users is tremendously growing in the area. Formerly, El Salvador grew to become the very first country to simply accept Bitcoin as legal tender. 

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