STORY: Honduras has launched its 'Bitcoin Valley'

Location: Santa Lucia, Honduras

Business owners are adapting to handle cryptocurrency payments

hoping to attract more tourists

Ruben Carbajal Velazquez, professor at Technological University of Honduras:

“We are going through something historic. Santa Lucia is the first bitcoin city (in Honduras). It will educate the community to use and handle cryptocurrencies so that they can be used in different businesses here and boost crypto-tourism, allowing people who are used to working with digital currencies to visit.”

Merchants will receive instant payments in the local currency

to deal with volatility, organizers say

Some Latin American countries have been exploring cryptocurrencies' potential

In 2021, El Salvador adopted bitcoin as legal tender