Bitcoin (BTC) or CBDC: will Honduras make the right choice?


In August 2021, Honduras installed its first Bitcoin ATM. This neighbor of El Salvador, with a population of nearly 10 million, still hangs in the balance: its heart is torn between CBDC (central currency) and bitcoin.

As of July 21, 2022, there is a new Bitcoin (BTM) Distributor in Honduras. This is the first located Marcala, La Paz and it is sixth in the country managed by TGU Consulting Group managed by Juan Mayen. What bitcoin as it is affectionately called there, it is located inside the Camelot bar and is used to trade bitcoin (BTC) and litecoin (LTC).

CBDC or Bitcoin?

Entrepreneur Juan Mayen believes in the future of cryptocurrencies: As a company, we believe bitcoin will be the next global reserve currency and we don’t want Honduras to lag behind. Despite rumors that the cryptocurrency king will become fiat currency, as in El Salvador, the Central Bank of Honduras has denied this. Now education centers are opening up everywhere to explain to the population what cryptocurrencies are for. On the island of Roatan, off the coast of Honduras, there is a crypto-friendly free zone: an experimental zone called Prospera, like t Bitcoin Beach however, in El Salvador, new elections question Prosper’s existence. A very difficult question.

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Bitcoin (BTC) with its 6 ATMs is not as quiet in Honduras as elsewhere in the Americas. El Salvador, for example, has over 200 dealerships, while the United States has over 30,000. France has decided to eliminate them, carefully avoiding any information or information campaigns among the public. She is too worried about the digital euro, the centralization goals of which many citizens still do not understand

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