‘Bitcoin Valley’ Opens In Honduras Town In Hopes Of Attracting Tourists
Honduras has broken grounds for “Bitcoin Valley,” a project in the country’s booming town of Santa Lucia, in an effort to attract crypto investors from around the globe. Honduras is the most recent Central American nation to promote a municipality’s use of cryptocurrency as a payment method. According to a report by Reuters, a variety of […]
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The private initiative launched in the town of Santa Lucia, Honduras, aims to spur bitcoin adoption and invite more tourism to the region.
Several businesses in the tourist town of Santa Lucia are now accepting Bitcoin payments in the hopes it can spur tourism spending. A small tourist town in Honduras has begun accepting Bitcoin payments as part of the “Bitcoin Valley” initiative designed to increase tourism revenue across 60 local businesses.Some locals of Santa Lucia, like shopping mall owner Cesar Andino, expect the initiative to open up more opportunities for shops in the area and “attract more people who want to use this currency,” according to a report from Honduran news outlet La Prensa. Andino added:“Accepting....
The Swiss town council of the small municipality of Zug, Switzerland made the decision on May 3rd, 2016 to accept Bitcoin payments for dues and public utilities as part of a trial run on cryptocurrency acceptance. The small town is already known for its fast growing fintech operations, even being called “Crypto Valley” by some, with 15 fintech-oriented....
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....
A cryptocurrency ATM has been installed in Honduras where users can buy bitcoin and ether. According to reports, this is the first crypto ATM in the country. Honduras borders El Salvador, where bitcoin is set to become legal tender in a little over a week. Cryptocurrency ATM in Honduras A cryptocurrency ATM launched this week in Honduras, Reuters reported Friday. According to reports, this is the first cryptocurrency ATM in the country. It allows users to buy bitcoin and ethereum using the local lempira currency. The Republic of Honduras is a country in Central America. It borders El....