In August 2021, Honduras installed its first bitcoin ATM. This neighbor of El Salvador of almost 10 million inhabitants is still hesitating: between CBDC (centralized currency) and bitcoin, his heart is torn.
As of July 21, 2022, Honduras has a new bitcoin distributor (BTM). It is first located in Marcala, La Paz, and the sixth in the country managed by TGU Consulting Group managed by Juan Mayen. there” bitcoinera as it is called then, it is located inside the Camelot Bar and is used to trade bitcoin (BTC) and litecoin (LTC).
CBDC or Bitcoin?
The entrepreneur Juan Mayen is sure about the future of cryptocurrencies: ” We as a company believe that bitcoin is the next global reserve currency and we don’t want Honduras to be left out “. Despite rumors that the crypto queen would become a legal tender like in El Salvador, the Central Bank of Honduras has rejected it. Meanwhile, training centers are opening everywhere to explain to the population what cryptos are all about. There is a free area friendly crypto on the island of Roatan, off the coast of Honduras: an experimental area called Prospera, as it were Bitcoin beach in El Salvador… However, the new elections cast doubt on the existence of Prospera. A very complex subject.
With its 6 ATMs, bitcoin (BTC) is slowly taking hold in Honduras, as in other countries on the American continent. El Salvador, for example, has more than 200 distributors and the United States more than 30,000. France chose to eliminate them, and carefully avoid launching an information or awareness campaign among the population. She is too busy with the Digital Euro, which many citizens still do not understand the centralizing aims…
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Subprime, financial crises, galloping inflation, tax havens… Bitcoin was designed for more transparency and maybe finally change the game. I try to understand this new environment and I try to explain it to myself. The road is undoubtedly long, but it is worth it.