Crypto

Bitcoin Valley – Honduras City Accepts Bitcoin Payments – CryptoActu

Initiatives to integrate Bitcoin as a means of payment are multiplying around the world. Whether it’s entire countries like El Salvador or multinational corporations looking to capitalize on this success. Sometimes with very different ambitions, but nevertheless with a common approach: accepting BTC as a currency in its own right. Heresy for regulators and other central banks building barricades to block its development. But this does not prevent the small tourist town of Santa Lucia in Honduras from becoming the first national crypto hub with the launch of Bitcoin Valley.

The rule is simple and recognized by the experts themselves: the regulation of innovation always lags behind its development and implementation. A fact that Bitcoin, like the entire cryptocurrency market, does not escape. With ever-increasing adoption, even in declining markets. And initiatives that constantly claim to use BTC as an independent means of payment. At the same time, not for a second worrying about whether this status was officially assigned to him by the regulators.

Positions vary widely, between rejection of dollar hegemony by developing countries or a desire not to miss the next stage of monetary evolution for large companies. And midway between these two extremes are more modest and local initiatives like El Salvador’s Bitcoin Beach Adventure. The adoption of a “circular economy” regime that the small town of Santa Lucia in Honduras seems to want to test.

Bitcoin Valley – New Bitcoin Hub in Honduras

Information still deserves to be dwelled on, while in a few years it will certainly become commonplace. Clear evidence of the still tangible youth of the bitcoin market and the entire cryptocurrency industry. Indeed, the tourist city of Santa Lucia has just announced the creation of a program called Bitcoin Valley. This is done so that its merchants can accept payments in BTC. And according to local media La Prensa, it is the fourth destination in Central America to offer this service. This is after El Zonte Beach (Bitcoin Beach), the Government of El Salvador, Lake Atitlán (Bitcoin Lake) in Guatemala, and the city of El Puntarenas (Bitcoin Jungle) in Costa Rica.

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However, this Bitcoin Valley project has nothing to do with the government of Honduras. Because the latter was hesitant to make bitcoin its official currency a few months ago, but did not take a decisive step at the time of this writing. After all, in this case it is a local initiative driven primarily by tourism ambitions. Even if the aspect of the “circular economy” is touched upon, it is more for marketing than for purely ideological reasons. At least, that’s what Cesar Andino, director of the Los Robles shopping center in Santa Lucia, suggests.

“In Santa Lucia, we are all going to participate in this project. Bitcoin adoption will open up a new market and attract more customers. We must think globally. We cannot shut ourselves off from technology and we cannot stay behind when other countries are already doing so. »

Cesar Andino

Bitcoin Valley – Attracting Crypto Tourists to Honduras

Because the Bitcoin Valley project is, first of all, an international magnet for bitcoin holders. With the main goal, in the words of Cesar Andino, “to open up more opportunities and attract more people who want to use this currency.” Starting with the training of about sixty local companies to sell their products and services in exchange for cryptocurrencies. And the use of payment terminals specifically designed to accept BTC as a means of payment.

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All this with the participation of the Blockchain organization Honduras and the technical leadership of the Guatemalan cryptocurrency exchange platform Coincaex. As well as the National Technological University, which teaches students crypto education courses, and, of course, the municipality of Santa Lucia. However, Bitcoin payments in this Bitcoin Valley will be immediately converted to local currency. According to Leonardo Paguada, founder of the Blockchain organization Honduras, this should “remove the risks of cryptocurrency fluctuation.” And “business owners won’t get bitcoin.” Everyone will see – or not – the effective adoption of Bitcoin as a currency…

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