The small Latin American country of Honduras welcomes visitors to the tourist the city of Santa Lucia, where it is now possible to pay for an ice cream cone, a bloodless infusion or one of the other attractions found in the hotel using bitcoin (BTC). Honduras joins the developing list of countries that have joined the crypto trend that has been prominent in Latin America over the past year, especially since El Salvador’s resolution to make Bitcoin (BTC) a legal tender.
– Info about the Costa Blanca (@CostaBlancaInfo) August 1, 2022
After an assembly held on Thursday, June 28, the municipality of Santa Lucia presented the “Bitcoin Valley” in partnership with The Blockchain Honduras Organization, the coin exchange Coincaex in neighboring Guatemala and the Technological University of Honduras.
Honduras, a country described through the media as one of the most harmful countries in Latin America, has a long history of gang violence and corruption. However, the country is decidedly on the long-term hunt and has ambitious plans to position itself in the middle of innovation. Therefore, the 60 local corporations participating in the inaugural edition of the BTC event hope to not only earn money, but also help the country take its first steps towards a greater future.
Mr. Rubén Carbajal Velázquez, a professor at the Technological University of Honduras, explained the question: “The Santa Lucia network will be able to use and manage cryptocurrencies, implement them in other corporations in the region and generate crypto tourism. “
– Ram Ashish Yadav (@raydhack) July 30, 2022
While Guatemalan crypto exchange Coincaex will provide the infrastructure for local businesses without the means to settle for Bitcoin (BTC), some argue that this move will lead to increased volatility in a country that is already struggling monetarily.
Despite this, Leonardo Paguada of the Blockchain Honduras organization claims that business owners will convert their source of income directly into local fiat currency: the Honduran lempira. the dangers of cryptocurrency fluctuation,” the founder of the Blockchain Organization confided to stakeholders.
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Why you care
The demand for cryptocurrencies has increased in Latin America in the last two years. As such, it provides a wonderful opportunity for local businesses in the region to be among the first to accept Bitcoin (BTC) in a retail environment.
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