“Bitcoin Valley”, a tourist paradise that flourished in Santa Lucia, Honduras, paves the way for crypto as a global currency. The concept or idea that catalyzes this project is enhancing tourism revenue; almost 60 local businesses will now accept bitcoin. As per reports by the local daily, Santa Lucia, located in proximity to Guatemala, attracts tourists worldwide, so receiving payment in crypto is a step toward giving the digital currency global acceptance.
The Bitcoin Valley project is a collaborative initiative of Santa Lucia’s municipality, blockchain Honduras, the Technological University of Honduras, Decentral Academy, and Coincaex. The local shopkeepers view the project as opportunistic. Most of them opine that payment in bitcoin will encourage digital currency use and attract more tourists to the local shops.
The initiators firmly believe that accepting bitcoin as a payment by the businesses will open new avenues for the local companies and the currency’s wider acceptability.
As far as the primary focus of the Bitcoin Valley project is concerned, the plan is to first train 60 local businesses on using and adapting cryptocurrency for promoting their products and services. Gradually, more shops and stores will become part of this crypto chain.
When sharing thoughts with the local media, the Technological University professor revealed that educative sessions on cryptocurrency management are offered to the local business communities in Santa Lucia for better implementation of crypto use. The objective lies in generating tourism and empowering crypto use through the creation of this tourist paradise.
Besides Honduras, some other Central American countries have tried adopting bitcoin. However, due to the crash in the crypto market, volatility made the country somewhat reduce its use lately. According to cryptocurrency critics, the Bitcoin valley project will boost the digital currency market and help Central American countries believe in the power of crypto.
Well, bitcoin critics view this sort of project as increasing incidences of money laundering cases, posing challenges to countries that are yet to develop their blockchain technology.
