This week in the city of Santa Lucía, Honduras, they launched the ‘Bitcoin Valley’ a proposal that seeks to promote the use of crypto assets in the Central American nation.
Bitcoin Valley Launch@Blockchain504 @coincaex @UTHEDU pic.twitter.com/36cTLeB2ao
— Blockchain Honduras (@Blockchain504) July 28, 2022
This new project, which aims to emulate what Bitcoin Beach (El Zonte) El Salvador has done; Bitcoin Jungle (Puntarenas) Costa Rica; and Bitcoin Lake (Lake Atitlán) Guatemala; makes up an initiative between Blockchain Honduras, Coincaex (Guatemalan cryptocurrency exchange), the Technological University of Honduras, and the accompaniment of the municipality of Santa Lucía. It should be noted that through it, it seeks to promote the economic development of the nation and promote tourism with the use of Bitcoin.
In this sense, José Luis Guillen and Joan Godoy, founders of Coincaex They have said through a press release that this type of initiative needs joint work with key actors, in relation to the various people involved in the project. “We are the facilitators of the technology that promotes the use of Bitcoin and other institutions are in charge of the entire training process for business owners. However, a key point is to have the openness of mayors and local authorities so that all efforts seek to find the best opportunities for the country”they said.
For its part, Carlos Leonardo Paguada, founder of Blockchain Honduras and also representative of the Central American Association of Cryptocurrency Users (Acupcrip) declared through the Honduran media ‘La Prensa’, that it is estimated that around 60 businesses will start with the project, having already received training from the Decentral Academy on the use of Bitcoin and blockchain technology.
That said, as reported by La Prensa, merchants are expected to receive the special points of sale for cryptocurrencies from Coincaex by next week.
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Investments in crypto assets are not regulated. They may not be suitable for retail investors and the full amount invested may be lost. The services or products offered are not aimed at or accessible to investors in Spain.