Coincaex

A small tourist town in Honduras has begun accepting Bitcoin payments as part of the “Bitcoin Valley” initiative designed to increase tourism revenue across 60 local businesses. Some locals of Santa Lucia, like shopping mall owner Cesar Andino, expect the initiative to open up more opportunities for shops in the area and “attract more people who want to use this currency,” according to a report from Honduran news outlet La Prensa. Andino added: “Accepting Bitcoin will allow us to open another market and win more customers. We have to globalize. We cannot close ourselves off from technology, and we cannot be left behind when other countries are already doing it.” The program started on July 28, allowing patrons of local area shops to pay with United States dollars, Honduran Lempira, or Bitc...