HomeCrypto NewsBitcoin60 Businesses Now Accept Bitcoin in Honduras

60 Businesses Now Accept Bitcoin in Honduras

- Advertisement -

A bitcoin hub has been launched in the tourist town of Santa Lucia, Honduras.

The Bitcoin Valley idea aims to create a Bitcoin economy and increase the number of tourists in by accepting BTC in stores.

- Advertisement -

“Accepting bitcoin will allow us to open up another market, win more customers.” Cesar Andino, owner of a travel agency in Santa Lucia, said. “We have to globalize. We cannot separate ourselves from technology and we cannot be left behind when other countries are already doing it. "

The project officially launched on Thursday and is jointly developed by Blockchain Honduras, Guatemalan cryptocurrency exchange Coincaex, Honduras University of Technology and the municipality of Santa Lucia.

 Carlos Leonardo Paguada Velasquez, founder of Blockchain Honduras and representative of the Central American Cryptocurrency Users Association, said about 60 businesses have been trained on how to use Bitcoin.

According to Paguada Velasquez, Coincaex will provide entrepreneurs with the necessary equipment to accept bitcoin payments.

Coincaex BTC ATMs reduce BTC volatility by delivering local fiat currency to merchants.

Thus, if a buyer pays BTC for food, “Coincaex will receive bitcoin and will transfer the payment in fiat lempiras [Honduras] to the restaurant,” explained Paguada Velasquez. “Business owners will not receive bitcoin.”

The initiative also aims to promote local education about Bitcoin and cryptocurrencies. Students and entrepreneurs have the opportunity to take classes on Bitcoin and technology that last over a month.


See more:

Rate this post
- Advertisement -

Maybe you are interested

Luxury resorts in Maldives and Thailand accept crypto payments

Luxury resort chain Soneva has started accepting cryptocurrency payments at its resorts...

Cryptocurrency market has more than 700 new coins in the 3rd quarter of 2022

The cryptocurrency market has significant volatility in 2022, yet developers are still trying to launch...

More than 75% of financial institutions intend to use crypto in the next three years

More than 75% of financial institutions will join the crypto universe in the next three years if the sector...

India Investigate 10 Cryptocurrency Exchanges For Laundering Over $125 Million

India's Enforcement Directorate is conducting an investigation across ten exchanges into the laundering of more than...

Bitcoin miners sold 5.700 BTC in July

According to a report from the Hash Rate Index, Bitcoin miners continued to sell their supply in July. This behavior was...

Related posts

- Advertisement -