As Bitcoin debuts in El Salvador, Honduras and Guatemala study CBDCs

As Bitcoin debuts in El Salvador, Honduras and Guatemala study CBDCs

Honduras and Guatemala are studying central bank digital currencies and the value they could bring to their respective monetary systems. Two Central American countries, Honduras and Guatemala, are taking a cue from their common neighbor’s adoption of Bitcoin (BTC), but they are taking a very different road. Instead of embracing an existing cryptocurrency as a legal tender, like what El Salvador did, the central banks of Honduras and Guatemala are currently studying central bank digital currencies or CBDCs.Following the approval of the board of directors, the Central Bank of Honduras kicked....


Related News

Buying Bitcoin and Ether Just Got Easier in Honduras With Cryptocurrency ATM

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....

NewsBTC Announces Expansion into Central American Region

Popular Bitcoin news and analysis platform NewsBTC.com has announced expansion into Central America, a territory which consists of seven countries: Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama. The announcement has surfaced as the part of NewsBTC's global expansion plans, a step that enables it to become a multilingual Bitcoin news platform. The website's entry into the Central American territory is aimed at bringing the most up-to-dated digital currency industry updates in area's official language - Spanish. The same platform will ambidextrously address the....

Facebook’s Novi Launches Pilot Program in Guatemala and US Using Pax Dollar

Novi, Facebook’s digital wallet, will launch a pilot program to test the functionality of the service in two countries: Guatemala and the U.S. The test will allow Novi to test all of its main functions and to evaluate what things need to be improved before launch. Novi will use pax dollars as the main currency during the test, but David Marcus, head Of Facebook Financial, stated they still plan to launch with Diem once it gets greenlighted by regulators. Novi Launches Test Pilot Sans Diem Novi, Facebook’s digital wallet, is now running a test pilot program of its....

Big News: Honduras Creating Land Title Block Chain via Bitcoin

One problem that has plagued governments for centuries is the rightful ownership of property. Revolution or displacement by war have been one cause of this problem, while bold-faced theft by government officials or gangsters has been another. One day you owned it, the next day you didn't. Honduras has faced this problem, especially with the advent of computerized records. According to the U. S. Embassy in Honduras: Honduran laws and practices regarding real estate differ substantially from those in the United States, and fraudulent deeds and titles are common. U. S. citizens considering....

Blockchain Land Title Project 'Stalls' in Honduras

Blockchain recordkeeping startup Factom has issued new public comment on its long-contentious partnership with the government of Honduras, calling a previously announced proof-of-concept "stalled". In a new blog post, Factom CEO Peter Kirby spoke generally about the difficulties of working with global governments on land title projects, but also addressed past questions about the validity of the initiative. Controversy arose earlier this year when doubt was cast on a rumored partnership between Factom and the government of Honduras, which would have found the Central American nation....