cryptocurrency

Honduras Creates ‘Bitcoin Valley’ to Boost Tourism

Central America and Bitcoin are still like two peas in a pod. Initially, the trend in Central America to accept and use bitcoin as if it were actual money began with El Salvador in 2021. The country was the first to announce legal tender for BTC and has not looked back. Now, the neighboring region of Honduras – while it does not go so far as to advertise bitcoin money – is using the world’s number one digital currency to attract tourism through its so-called “Bitcoin Valley”, department in town Saint Lucia.

Will Honduras Become the Next Big BTC Zone?

In many ways, while it doesn’t go too far, Honduras takes a page straight out of El Salvador’s crypto playbook given that the latter country has created a “Bitcoin Beach” in the middle of a surfer hotspot in El Zonte. The region has become popular in recent years as all businesses in the region accept cryptocurrencies such as Bitcoin as payment methods. In the end, the country came full circle and now uses BTC for all purposes just as it uses the US dollar.

While Honduras doesn’t go that far, the city of Santa Lucia now has its own brand of companies and organizations that want to give BTC a fair shake. All of these companies accept bitcoin as a means of payment for goods and services. The name is a play on the “Crypto Valley”, which is centered in Switzerland. This region is known for hosting a wide range of crypto and blockchain startups.

Santa Lucia – the city in the middle of the Bitcoin Valley – is located about 20 minutes from the country’s capital, Tegucigalpa. It is surrounded by mountains and offers a great deal of beauty to both residents and visitors alike. The clincher is that many companies rely on bitcoin to attract tourism. By accepting bitcoin as a payment method, they hope that more people will come and get a taste of everything the region has to offer.

Cesar Andino – director of the shopping plaza of Los Robles – explained in an interview:

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

The goal of Bitcoin Valley is to train 60 separate companies on how to accept cryptocurrency. Implementers of the plan hope that this trend will spread and that as more companies are accepted across Honduras or at least willing to look at cryptocurrency through a legitimate lens, the country could become the next version of El Salvador.

Giving more opportunities to business

Bitcoin Valley was eventually developed by the Blockchain Foundation Honduras along with Guatemalan crypto exchange Coincaex. Ruben Carvajal Velasquez, a professor at the Technological University of Honduras, said:

The Santa Lucia community will be taught to use and manage cryptocurrencies, implement them in different businesses in the region and generate crypto tourism.

Tags: Bitcoin Valley, El Salvador, Honduras

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