Servicios Médicos Cubanos
Grupo Hotelero Islazul
Tigo
Walmart
Centro Nacional de Cirugía de Mínimo Acceso de Cuba
Instituto Hondureño de Turismo
CUN-HAV Enjoy Travel Group
Cervecería Centroamericana S.A.
Los Portales
Herbalife
Barceló Solymar
Nestle
Agexport
INTERFER
blackanddecker
Cubasol
Realidad Turística
Intecap
INOR
AVA Resorts
MAD-HAV Enjoy Travel Group

Honduras Seeks Tourism Boost In ‘Bitcoin Valley’

Date:

Share:

Grupo Hotelero Islazul
Instituto Hondureño de Turismo
Nestle
Herbalife
Cervecería Centroamericana S.A.
Centro Nacional de Cirugía de Mínimo Acceso de Cuba
Servicios Médicos Cubanos
Realidad Turística
INTERFER
Intecap
AVA Resorts
Los Portales
INOR
blackanddecker

People can pay for a slushie with cryptocurrency in the streets of “bitcoin valley,” a project in the Honduran tourist enclave of Santa Lucia, through which the country has entered the digital currency trend.

The small town in the mountains, 20 minutes from the capital, Tegucigalpa, has become a bitcoin city.

Owners of businesses big and small are adapting to handle cryptocurrencies as payment, hoping to attract more tourism.

“It will open more opportunities and attract more people who want to use this currency,” said Cesar Andino, manager of the Los Robles shopping square.

The bitcoin valley project targets 60 businesses to initially get trained and adopt cryptocurrencies to market their products and services, expecting to spread these practices to more enterprises and nearby areas.

The initiative was jointly developed by the Blockchain Honduras organization, Guatemalan cryptocurrency exchange consortium Coincaex, the Technological University of Honduras and the Santa Lucia City Government.

“Santa Lucia’s community will be educated to use and manage cryptocurrencies, implementing them in different businesses in the region and generating crypto tourism,” said Ruben Carbajal Velazquez, a professor at the Technological University.

While some Latin American countries are exploring cryptocurrencies’ potential, there are risks.

In September last year, El Salvador adopted bitcoin as legal tender after introducing its own “bitcoin beach” in the surfing hot spot town of El Zonte.

The Central American country’s bet on bitcoin was hampered by a crypto market downturn, and skepticism from multilateral lenders and ratings agencies. Its publicly disclosed holdings of US$105 million are now worth about US$57 million.

To deal with volatility, the bitcoin valley project would “enable merchants to receive instant payments in the local currency, eliminating cryptocurrencies fluctuation risks,” Blockchain Honduras founder Leonardo Paguada said.

Critics of bitcoin’s expansion have warned that these kinds of operations might fuel money laundering and financial instability while enhancing the digital gap, as poorer residents might struggle to access the technology. (Reuters)

Servicios Médicos Cubanos
INOR
Instituto Hondureño de Turismo
MAD-HAV Enjoy Travel Group
CUN-HAV Enjoy Travel Group
Herbalife
Cubasol
blackanddecker
INTERFER
Cervecería Centroamericana S.A.
Barceló Solymar
Los Portales
Agexport
Tigo
AVA Resorts
Realidad Turística
Centro Nacional de Cirugía de Mínimo Acceso de Cuba
Grupo Hotelero Islazul
Nestle
Walmart
Intecap
INTERFER
Blue Diamond Resorts
AirEuropa
Henkel Latinoamerica
Havanatur
Cubacel
Intecap
Hotel Holiday Inn Guatemala
Barcelo Guatemala City
Hotel Barcelo Solymar
Maggi - GLUTEN-FREE
Revista Colombiana de Turismo Passport
Tigo

Subscribe to our magazine

━ more like this

Pole Dancing in Israel: A New Dimension with BlueDance.co.il

In recent years, pole dancing has experienced a remarkable transformation, shifting from a misunderstood niche to a popular activity combining fitness, self-expression, and empowerment....

A New Luxury Hotel Just Opened on An Idyllic Beach in Cancun, Mexico — And We Were the First to Stay

Waldorf Astoria Cancun opened to the public on Nov. 1, the brand's first new build in Mexico, with two waterfront pools and a fantastic...

Pan American Health Organization Launches Interactive Dashboard on Avian Influenza in The Americas

To monitor cases of avian influenza A (H5N1) in the Americas, the Pan American Health Organization (PAHO) launched an interactive dashboard on the web...

Nicaragua Presents Its New Interoceanic Canal Route to China and Seeks to Compete with Panama

Estimated reading time: 8 minutes With a length of 445 kilometers, in a second attempt, the Nicaraguan president, Daniel Ortega, presents China with a new...

This North East African Country Welcomes Over 15.7 Million Tourists Last Year and An Addition 40,000 New Hotel Rooms are in Pipeline

Estimated reading time: 3 minutes In a year marked by global uncertainties and regional geopolitical challenges, Egypt’s tourism sector achieved an impressive milestone, welcoming a...
Blue Diamond Resorts
Maggi - GLUTEN-FREE
Hotel Holiday Inn Guatemala
Barcelo Guatemala City
Cubacel
Revista Colombiana de Turismo Passport
AirEuropa
Henkel Latinoamerica
INTERFER
Hotel Barcelo Solymar
Havanatur
Intecap

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Servicios Médicos Cubanos
INTERFER
Intecap
Nestle
Tigo
Grupo Hotelero Islazul
Cervecería Centroamericana S.A.
AVA Resorts
Instituto Hondureño de Turismo
Barceló Solymar
blackanddecker
MAD-HAV Enjoy Travel Group
Realidad Turística
Herbalife
INOR
Agexport
Los Portales
Walmart
Cubasol
Centro Nacional de Cirugía de Mínimo Acceso de Cuba