Honduras Establishes Bitcoin Valley in Santa Lucia to Boost Crypto Opportunities

Honduras has entered the cryptocurrency trend after launching “Bitcoin Valley” in Santa Lucia meant to spur more opportunities in the digital asset space, according Reuters 

Santa Lucia, a tourist resort, has now become a Bitcoin City because its business owners have adopted crypto payments to increase tourism.


Cesar Andino (manager of Los Robles shopping center) pointed out:

“It will open more opportunities and attract more people who want to use this currency.”

Santa Lucia is strategically located because it is just 20 minutes from the nation’s capital Tegucugalpa.


The “Bitcoin Valley” project was jointly developed by Santa Lucia’s municipality, the Technological University of Honduras, the Guatemalan cryptocurrency exchange consortium Coincaex, and the Blockchain Honduras organization. 


In the beginning, 60 businesses will be targeted to be trained. cryptocurrencies How to market their products and services using them. It is anticipated that the project will be extended to other businesses in Santa Lucia, and surrounding areas. 


Ruben Carbajal Velazquez, a professor at the Technological University, welcomed the “Bitcoin Valley” concept and said:

“Santa Lucia’s community will be educated to use and manage cryptocurrencies, implementing them in different businesses in the region and generating crypto-tourism.”

Since El Salvador Accepted In September 2017, Bitcoin was legalized in Latin America. Since then, crypto interest has skyrocketed.


Mastercard’s recent survey revealed that crypto transactions were being used by more than half of Latin America’s consumers. According to the payments giant:

“51% of consumers in the region have already made a transaction with crypto assets, and more than a third say they have made a payment for an everyday purchase with Stablecoin.”

Latin Americans therefore see crypto and cutting-edge technologies as a perfect payment option.

Image source: Shutterstock



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