EUR/USD 1.13860
-0.223%
Gold 4076.18
-1.300%
Oil 89.846
4.605%
USD/JPY 163.492
0.216%
GBP/USD 1.33477
-0.200%
GBP/JPY 218.229
0.016%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The European Central Bank will announce its interest rate decision in ten minutes.Total Energy CEO: Regarding the Kronos gas project in Cyprus, we expect to make a final investment decision by the end of July.US President Trump: The nuclear agreement between the US Department of Energy and Saudi Arabia will be approved, but it depends entirely on Saudi Arabia joining the Abraham Accords.On July 23, Google (GOOG.O) disclosed in a filing that its holdings include $94.1 billion worth of SpaceX stock following SpaceXs (SPCX.O) IPO. Google is an early investor in SpaceX, which has helped the company boost profits in recent quarters as SpaceXs stock price has continued to rise. Google stated that $80 billion of these holdings are subject to a short-term lock-up period, while $14.1 billion will be permanently restricted until the third quarter of next year. Alphabet, Googles parent company, also has a stake in Anthropic in its portfolio. The company said on Wednesday that Alphabets investment value increased by nearly $100 billion in the second quarter, driving net profit growth.July 23: Building materials transaction volume was 88,400 tons, an increase of 12.18% compared to the previous trading day. July 22: Building materials transaction volume was 78,800 tons, a decrease of 18.85% compared to the previous trading day. July 21: Building materials transaction volume was 97,100 tons, an increase of 23.85% compared to the previous trading day. July 20: Building materials transaction volume was 78,400 tons, a decrease of 6.67% compared to the previous trading day. July 17: Building materials transaction volume was 84,000 tons, an increase of 9.95% compared to the previous trading day. Last weeks average: Building materials transaction volume was 83,900 tons.

Honduras launches ‘Bitcoin Valley’ in the tourist town of Santa Lucia

Skylar Shaw

Aug 01, 2022 15:44

微信截图_20220801153830.png


People may use cryptocurrency to purchase slushies on the streets of "Bitcoin Valley," a project in the tourist destination of Santa Lucia, Honduras, through which the nation has adopted the trend of virtual currencies.


A bitcoin city has emerged in the little mountain village that is 20 minutes from Tegucigalpa, the country's capital.


In Santa Lucia, owners of both large and small businesses are adjusting to accept bitcoins as payment in an effort to draw in more tourists.


According to Cesar Andino, manager of Los Robles Shopping Square, "It will create more chances and attract more individuals who wish to utilize this money."


The "Bitcoin Valley" initiative aims to teach 60 firms to use bitcoins to sell their goods and services, with the intention of spreading these techniques to other businesses and surrounding communities.


The Blockchain Honduras organization, the Guatemalan cryptocurrency exchange group Coincaex, the Honduran Technological University, and the town of Santa Lucia all worked together to launch the program.


"The people of Santa Lucia will be taught to use and handle cryptocurrency, integrating them in various enterprises in the area and producing crypto-tourism," said Ruben Carbajal Velazquez, professor at the Technological University.


While several Latin American nations are investigating the possibilities of cryptocurrency, there are dangers.


El Salvador approved bitcoin as legal cash in September 2021 and established a "Bitcoin Beach" in the surfing mecca of El Zonte.


The cryptocurrency market collapse and distrust from multilateral lenders and ratings agencies hindered the Central American nation's bet on bitcoin. Its $105 million in publicly stated interests is now worth around $57 million.


The "Bitcoin Valley" in Honduras would "allow shops to receive quick payments in the local currency, removing cryptocurrency fluctuation concerns," according to Leonardo Paguada, the organization's creator. This will help with volatility.


Critics of the growth of bitcoin have cautioned that such activities might encourage money laundering and financial instability while widening the digital divide since the poorest segments of society could find it difficult to utilize the technology.

Suggestion