Fun

‘Bitcoin Valley’ Launches in Honduras — 60 Businesses Accept BTC to Boost Crypto-Tourism

News Feed - 2022-08-02 11:08:54

"Bitcoin Valley" Launches in Honduras — 60 Businesses Accept BTC to Boost Crypto-Tourism


Bitcoin Valley, the first bitcoin city in Honduras, has launched in Santa Lucia. Businesses in the area will accept bitcoin for payments. “In Santa Lucia, we are all going to participate in this project … Accepting bitcoin will open us to another market and win more customers,” said a local business owner. Bitcoin Valley: First Bitcoin City in Honduras


Bitcoin Valley, the first bitcoin city in Honduras, has launched in the small Honduran tourist town of Santa Lucia, located 20 minutes from the capital city of Tegucigalpa.


The initiative was jointly developed by Blockchain Honduras, Guatemalan cryptocurrency exchange Coincaex, the Technological University of Honduras, Decentral Academy, and Santa Lucia’s municipality. Blockchain Honduras announced the launch of Bitcoin Valley Thursday.


Cesar Andino, owner of Los Robles shopping square in Santa Lucia where several commercial establishments operate, will accept bitcoin in addition to U.S. dollars and Honduran lempiras. He told La Prensa publication last week that he is waiting to receive a point-of-sale (POS) device that would allow him to accept the cryptocurrency, adding: In Santa Lucia, we are all going to participate in this project … Accepting bitcoin will open us to another market and win more customers.


“We have to globalize. We cannot close ourselves off from technology and we cannot be left behind when other countries are already doing it,” he added.


Carlos Leonardo Paguada Velasquez, founder of Blockchain Honduras and a representative of the Central American Association of Cryptocurrency Users (Acucrip), told the publication a few days before the official launch of Bitcoin Valley: Around 60 businesses will start with the Bitcoin Valley project.


He noted that owners of these businesses have received training by Decentral Academy on the use of bitcoin and the technology behind it.


Coincaex is providing POS devices to merchants to allow them to accept BTC. Regarding the volatility of bitcoin, Paguada explained that Coincaex “assumes all risks.”


For example, he said if a family buys pupusas in a restaurant in Santa Lucia and pays with bitcoin, the equivalent purchase amount in lempiras will be deducted from the family’s bitcoin wallet. Coincaex will receive BTC and transfer the payment in lempiras to the restaurant. “Business owners will not receive bitcoin. They will receive lempiras from Coincaex,” he clarified.


Ruben Carbajal Velazquez, professor at the Technological University, was quoted by Reuters as saying: “Santa Lucia’s community will be educated to use and manage cryptocurrencies, implementing them in different businesses in the region and generating crypto-tourism.” Tags in this story accept bitcoin, Bitcoin City, bitcoin city honduras, Bitcoin Valley, Bitcoin Valley honduras, Bitcoin Valley launch, Bitcoin Valley Santa Lucia, blockchain honduras, coincaex, decentral academy, PoS Device, santa lucia, Technological University of Honduras


What do you think about the Bitcoin Valley initiative in Honduras? Let us know in the comments section below. Kevin Helms


A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Pakistani Politician Imran Khan"s Instagram Account Used to Promote Crypto Giveaway Scam FEATURED | 3 hours ago Charles Schwab"s $655B Asset Management Arm to Start Trading Crypto-Related ETF This Week FEATURED | 1 day ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleSEC Charges 11 People in $300 Million Forsage Crypto Pyramid and Ponzi Scheme Next articlePakistani Politician Imran Khan’s Instagram Account Used to Promote Crypto Giveaway Scam Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItToday"s Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits


As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per ... read more.SEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments Goldman Predicts US Recession Odds at 35% in 2 Years, John Mauldin Wouldn"t Be Surprised if Stocks Fell 40% FBI Issues Alert Concerning Malicious State-Sponsored North Korean Hackers Targeting Crypto Firms

News Feed

You Can Now Get a Master’s in Blockchain From a School in (Where Else?) Malta
Malta, the “Blockchain Island” in the Mediterranean, has a government authority to certify distributed ledger platforms, regulations to manage smart contracts and a framework for launching ICOs.
Philippines to block Binance exchange
Zoltan Vardai12 hours agoPhilippines to block Binance exchangeThe ban will take effect within three months, allowing investors to exit their crypto positions held via the Binance exchange.6432 Total views8 Total sharesLi
Alice Ivey18 hours ago7 payment gateways for fast online transactionsExplore seven payment gateways prioritizing speed and efficiency, ensuring fast, seamless online transactions.1482 Total views19 Total sharesListen to
Russia Can’t Do Without Cross-Border Crypto Payments, Consensus Reached
Russia Can’t Do Without Cross-Border Crypto Payments, Consensus Reached Key government institutions have agreed that Russia needs to legalize crypto payments for international se
Protocol, Networks, Law, and Anarchism
Protocol, Networks, Law, and Anarchism I imagine long ago there was a time when neither verbal nor written language existed for humans. Hand gestures and other physical cues were
No Evidence ISIS Is Storing $300 Million in Bitcoin, Says Chainalysis
No Evidence ISIS Is Storing $300 Million in Bitcoin, Says ChainalysisBlockchain intelligence firm Chainalysis has dismissed claims ISIS is holding a $300 million bitcoin (BTC) war c
Is Bitcoin Price Turning Bullish Or Bearish? Crypto Analyst Reveals Critical Levels To Watch
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Crypto Expert Discloses ‘Hidden Altcoin Gem’ With 1,900% Upside
Este artículo también está disponible en español. In his latest video analysis titled “I Just APED Into This Hidden RWA Altcoin Gem! [20x Potential],” promine
Tristan Greene7 hours agoUS official confirms military concerns over China’s access to cloud technologyThe confirmation comes as tensions between the United States and China continue to rise.1030 Total views5 Total sha
4th Amendment Does Not Protect Bitcoin Data, US Fifth Circuit Court Rules
4th Amendment Does Not Protect Bitcoin Data, US Fifth Circuit Court RulesA Fifth Circuit panel of judges recently ruled that Fourth Amendment rights do not apply to cryptocurrency t
Tom Mitchelhill7 hours agoSEC’s first window to approve all 12 spot Bitcoin ETFs to begin todayThere’s an eight day window between Nov. 9 and Nov. 17 where all 12 spot Bitcoin ETF filings could be approved by the SEC
Brayden Lindrea6 hours agoTornado Cash indictment fails to show ‘clear violation’ of certain laws: Coin CenterCoin Center research director Peter Van Valkenburgh argued that crypto mixer Tornado Cash is an anonymizin