A local bitcoin hub has been launched in the tourist town of Santa Lucia, Honduras.

Coined Bitcoin Valley, the private initiative aims to create a circular Bitcoin economy and increase the flow of tourists in the region by marketing the acceptance of BTC in local shops, reported local news publication Diario La Prensa.

“Accepting bitcoin will allow us to open another market, win more customers,” said Cesar Andino, owner of tourist businesses in Santa Lucia, per a translated version of the report. “We have to globalize. We can’t close ourselves off from technology and we can’t be left behind when other countries are already doing it.”

By Antoni