Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.
The initiative is part of the project Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. Valley, which seeks to turn the Honduran city into a space whose economy opens the door to users and enthusiasts of the main digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency.
- City of Santa Lucia in Honduras will accept Bitcoin payments.
- Local merchants joined the Bitcoin Valley project.
- The initiative seeks to promote the adoption of Bitcoin in Honduras.
While El Salvador is the country that has become the focus of attention in Central America when it comes to Bitcoin, today there are many initiatives in the region aimed at promoting greater adoption of the leading digital currency currency is a medium of exchange that defines value. in their respective localities.
This is the case of the town of Santa Lucia, located 20 minutes from the capital capital is most commonly defined as the large sum of money you would use to invest. of Honduras, which is promoting a project that seeks to attract enthusiasts of the main digital currency, under the premise of becoming the first Bitcoin city in the Central American country.
Bitcoin Valley in Honduras
Esta iniciativa, mejor conocida como “Bitcoin Valley” The project aims to promote training among an estimated 60 local entrepreneurs, in order to enable mechanisms to receive payments with Bitcoin for their products and services. The project is supported by the organization Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. Honduras , el exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. Coincaex, la Technological University of Honduras and the municipality of Santa Lucia.
According to those responsible for the project, as of this week several local merchants have already begun to accept Bitcoin payments, so enthusiasts and users of the digital currency will be able to purchase products and services in the town of Santa Lucia through the digital currency.
— Blockchain Honduras (@Blockchain504) July 28, 2022
Según el fundador de Blockchain Honduras, Leonardo Paguada, the idea is that merchants enable this option a contract giving the buyer the right, but not the obligation, to buy or sell an underlying asset or instrument at a specified strike price. and realize that it is a mechanism that can attract a new audience. He also indicated that thanks to the alliance with Coincaex, Merchants receiving Bitcoin will not necessarily have to deal with the digital currency, as the payment will be instantly exchanged for the local currency, and the merchant will receive the equivalent amount in their account an account is essentially a whose purpose is to track the financial activities of a specific asset/ to avoid problems associated with volatility.
Several local merchants congratulated the measure, and invite residents of the country to come and see firsthand the possibilities offered to all those interested in using Bitcoin for payments for products and / or services.
El Salvador” effect
The recently launched initiative is part of the efforts made in several countries in the region to promote greater Bitcoin adoption in their respective localities, which gained even more strength after the government of El Salvador took a step forward in 2021 and made the cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. the official currency of the Central American country.
El Salvador currently has quite ambitious plans underway based on the digital currency. Among them are the future launch of bonds backed by the cryptocurrency, the construction of a city namedBitcoin City, the establishment of cryptocurrency exchanges, not to mention the government’s constant purchases of cryptocurrency to add BTC a sus reservas oficiales.
Beyond El Salvador, other countries with regulatory initiatives include Paraguay and Panama, which have approved and/or are working on legislative proposals to regulate cryptocurrency trading and mining a process where blocks are added to a blockchain, verifying transactions. It is also the process through which new bitcoin or some altcoins are created. in their respective localities.
- An island in Honduras and region in Portugal prepare to adopt Bitcoin
- Central Bank of Honduras denies rumors of possible adoption of Bitcoin as official currency
- As El Salvador makes Bitcoin legal tender, neighbors Honduras and Guatemala consider launching CBDCs
Version by Angel Di Matteo / DiarioBitcoin
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