The “Bitcoin Valley” has opened in Santa Lucia, Honduras

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Last Updated on July 31, 2022 by Bitfinsider

In Santa Lucia, a tourist destination around 20 minutes from the nation’s capital Tegucigalpa, Honduras has launched its own bitcoin city.

Throughout the “Bitcoin Valley,” people now have access to products and services that they can simply pay for, according to a report on Friday.

The project is a joint effort between Blockchain Honduras, Coincaex, the local Santa Lucia municipality, the Technological University of Honduras, and a cryptocurrency exchange in Guatemala.

Open to crypto-tourism

The opening of “Bitcoin Valley” coincides with a rise in the popularity of bitcoin and other cryptocurrencies among tourists. By encouraging local businesses to start accepting cryptocurrency payments and by supporting crypto-tourism, the establishment hopes to boost the Santa Lucia economy.

The report claims that the initial strategy is to train 60 local businesses to use cryptocurrency. After that, the training would be made available to other businesses.

Since retailers won’t be receiving the bitcoins, these firms won’t need to be concerned about the volatility of the cryptocurrency market. Instead, the cryptocurrency exchange Coincaex will handle payments for companies in the “bitcoin city,” giving them immediate access to any local currency that clients use to make purchases.

With the introduction of “Bitcoin Valley” alongside three additional significant cryptocurrency projects in Central America, they have joined forces to encourage adoption among local residents in certain cities or areas.

The “Bitcoin Beach” in El Zonte, El Salvador; the “Bitcoin Lake” in Guatemala; and the “Bitcoin Jungle” in Puntarenas, Costa Rica are the other three locations.


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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.


Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

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