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

Honduras Santa Lucia bitcoin1

Reuters People can pay for a slushie with crypto in the streets of “Bitcoin Valley,” a project in the Honduran tourist enclave of Santa Lucia through which the country has entered the digital currency trend. The small town in the mountains, 20 minutes from the capital Tegucigalpa, has become a bitcoin city. A man checks […]

El Salvador plans first ‘Bitcoin City’, backed by bitcoin bonds

El Salvador Bitcoin City1

Mizata, El SalvadorReuters El Salvador plans to build the world’s first “Bitcoin City”, funded initially by bitcoin-backed bonds, President Nayib Bukele said on Saturday, doubling down on his bet to harness the crypto currency to fuel investment in the Central American country. Speaking at an event closing a week-long promotion of bitcoin in El Salvador, […]

Migrant families wary as El Salvador becomes first to adopt bitcoin

El Salvador Bitcoin1

Colon, El SalvadorReuters Each month, Salvadoran tailor Julio Ramirez receives a small wire transfer from his two daughters in the United States, who have to pay a few dollars in commission fees for the transaction. As of this week, El Salvador’s government says its historic adoption of bitcoin as legal tender will save Salvadorans living […]