tldr; Honduras has launched a project called ‘Bitcoin Valley’ in the tourist enclave of Santa Lucia, which aims to establish a Bitcoin circular economy through the use of cryptocurrencies. The project targets 60 businesses to initially get trained and adopt cryptocurrencies to market their products and services, expecting to spread these practices to more enterprises and nearby areas. The Central American country’s bet on bitcoin was hampered by the crypto market downturn and skepticism from multilateral lenders
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
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