A new attraction has appeared in the Honduran resort town of Santa Lucia – cafes, shops and companies have unanimously announced the acceptance of cryptocurrencies to pay for their goods and services.
The project is called “Bitcoin Valley” and aims to attract tourists. Already, 60 different cafes and shops have begun to accept bitcoins and other cryptocurrencies for payment. To implement the project, the Blockchain Honduras organization, the Coincaex cryptocurrency exchange from Guatemala, the Technological University of Honduras and the municipality of Santa Lucia worked.
“The Santa Lucia community will learn how to work with cryptocurrencies, manage digital assets and use them for various businesses. This will make the region attractive for cryptotourism,” says Ruben Carbajal Velazquez, professor at the Goduras University of Technology.
Merchants in Santa Lucia will be able to instantly convert bitcoins into local currency and receive it in their account, local authorities promise. This will reduce the risks of cryptocurrency volatility.
This is not the first attempt by the Honduran authorities to work with cryptocurrencies. In April, Bitcoin was recognized as legal tender in the Special Economic Zone. However, we are talking about only one island. The inhabitants of the island were allowed to pay taxes using BTC.
Source: Bits
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