Bitcoin Valley opened in Honduras

The Latin American media reported the opening of Bitcoin Valley in Honduras — the government has launched a digital city project in the Santa Lucia region. Thus, the country joined its neighbors that have previously launched a similar initiative in Central America — Bitcoin Beach in El Salvador, Bitcoin Lake in Guatemala, and Bitcoin Jungle in Costa Rica.

The new digital city is located about 20 minutes away from the capital Tegucigalpa. It has become known that citizens and guests of the country have the opportunity to freely buy and sell goods and services for cryptocurrencies throughout the project.

Blockchain Honduras, Coincaex (Guatemalan cryptocurrency exchange), government officials and specialists from the Honduran University of Technology and the local municipality of Santa Lucia are behind its implementation.

State representatives said that the launch of the initiative is aimed at expanding the use of bitcoin and other cryptocurrencies by tourists, as well as promoting the economy of Santa Lucia through crypto tourism and encouraging local businesses to start accepting payments in digital assets.