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....
Related News
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 […]
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....
Yes, you read it correctly! Apart from the widely-known applications in financial and payments industry, Bitcoin technology has the potential to transform the 'Practice of Law.' Practice of Law generally refers to lawyers giving legal advice to clients, drafting legal documents for clients, and representing clients in legal negotiations and court proceedings such as lawsuits. Notably, it also implies that those law firms and lawyers who are appreciative of the true potential of the Bitcoin technology will definitely gain a decisive advantage over their disinterested peers. Bitcoin and Law....
The private initiative launched in the town of Santa Lucia, Honduras, aims to spur bitcoin adoption and invite more tourism to the region.
The Central Bank of Honduras has published a release that seeks to clarify the stance the institution takes about the use of cryptocurrencies in the country. The organization states that even with the popularity such instruments have attained in other countries, cryptocurrencies have no backing of any sort, and are also affected by high levels of volatility. “Any transaction carried out with them will be under the responsibility and risk of the person who performs it.”
Central Bank of Honduras Clarifies Stance On Cryptocurrency
While some countries have moved to....