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Honduras opens the ‘Bitcoin Valley’ in Santa Lucia

Honduras’ ‘Bitcoin Valley’ joins other bitcoin projects in Central America –  El Salvador’s ‘Bitcoin Beach’ Guatemala’s ‘Bitcoin Lake’, and ‘Bitcoin Jungle’ in Puntarenas, Costa Rica.

Honduras has opened its own bitcoin city in Santa Lucia, a tourist town about 20 minutes from the country’s capital Tegucigalpa.

People now have access to goods and services that they can easily pay for all across the ‘Bitcoin Valley,’ Reuters reported on Friday.

The project is an initiative of Blockchain Honduras, Coincaex (a Guatemalan crypto exchange), the Technological University of Honduras and the local Santa Lucia municipality.

Opening up to crypto-tourism

The launch of ‘Bitcoin Valley’ comes amid increased tourist use of bitcoin and other cryptocurrencies, and its establishment looks to promote the Santa Lucia economy through crypto-tourism and by encouraging local business to start accepting digital asset payments.

The initial plan, according to the report, is to have 60 local businesses adopt the use of crypto – with the training then extended to other enterprises. 

These businesses will not have to worry about the tissue of crypto volatility as merchants will not receive the cryptocurrencies. Rather, the crypto exchange Coincaex will process the payments for merchants within the ‘bitcoin city’, with businesses having instant access to what customers pay via the local currency.

The launch of ‘Bitcoin Valley’ joins other three major crypto projects across the Central American region seeking to promote adoption among the general public within specific towns or regions. 

There’s El Salvador’s ‘Bitcoin Beach’ in El Zonte, ‘Bitcoin Lake’ in Guatemala, and ‘Bitcoin Jungle’ in Puntarenas, Costa Rica.

The post Honduras opens the ‘Bitcoin Valley’ in Santa Lucia appeared first on CoinJournal.

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3 exchange related coins you should consider in August

  • BNB, FTT, and CRO are exchange related tokens

  • Crypto-exchange-related tokens have an added security protection

  • All the tokens are bullish and offer opportunities in August

Tokens backed by crypto exchanges are some of the best to own due to their added security. While the list for exchange-related tokens is inexhaustible, we bring you the best 3 selections. They are tokens with huge potential in August if the current bull market remains. 

Binance Coin (BNB)

BNB/USD ranks as the largest crypto-exchange-related token. It comes at position five overall in crypto markets, with a market cap of around $46.6 billion. The cryptocurrency is backed by the world’s largest crypto exchange Binance.

BNB ranks as a crypto to watch in August as most cryptocurrencies show up. With increased trading volumes, Binance will attract more users, and BNB will get a boost. 

Source – TradingView

BNB has recaptured the $288 level after the latest gains. That puts it at the next level of $326 in August.

FTX Token (FTT)

FTX token FTT/USD may not be among the top 20 tokens. Ranked 22nd with a market cap of $4.23 billion, the FTT token is one to watch in August. While markets crashed and most crypto exchanges faced liquidity issues, FTX remained strong. FTX CEO SAM Bankman-Fried even went ahead to help struggling firms. FTT will grow as cryptocurrencies recover.

Source – TradingView

FTT has hit resistance at $32 after recent gains. A breakout past the resistance or retracement opens buy trades next month.

Cronos token (CRO)

Cronos token CRO/USD is ranked at position 24 with a market cap of $3.497 billion. Crypto.com exchange seemed to succumb to the bear market by announcing reduced rewards on its cards. However, it backtracked, and its token is one to watch.

Crypto.com has been top in clinching sports deals and in an expansion spree. If indeed the deals are to materialize into something big, it is when cryptos start to surge.

Source – TradingView

CRO has broken above the $0.12 resistance. The token is a buy in August with a target of $0.168.

The post 3 exchange related coins you should consider in August appeared first on CoinJournal.