Honduras to declare Bitcoin as a legal tender?

[adzino]

They do know that if they adopt early, they will have an early bird advantage when bitcoin becomes mainstream and all other countries starts making it a legal tender. It will be easier for them and their people to work with bitcoin while the reset will still be learning. Even though it is a rumor, it still gives hope to people.

I dont see any reason why there is lots of criticism about Honduras accepting bitcoin, that's if the rumour is true, although they are a small country, the news might make a little impact to the market but I believe this is a good achievement regardless of if its an underdeveloped nation

Doesn't matter if it is a small or a big country. What matters is that they will make it a legal tender and eventually other country will follow their steps.

[bittraffic]

They do know that if they adopt early, they will have an early bird advantage when bitcoin becomes mainstream and all other countries starts making it a legal tender. It will be easier for them and their people to work with bitcoin while the reset will still be learning. Even though it is a rumor, it still gives hope to people.

I dont see any reason why there is lots of criticism about Honduras accepting bitcoin, that's if the rumour is true, although they are a small country, the news might make a little impact to the market but I believe this is a good achievement regardless of if its an underdeveloped nation

Doesn't matter if it is a small or a big country. What matters is that they will make it a legal tender and eventually other country will follow their steps.

Its still early to adopt BTC as legal tender. Blockchain is just more than 10 years, they shouldn't wait for it to go more than 5 decades before going all in because several county in US already are adopting.

El Salvador is also a small country. Its a testing ground for adoption of cryptocurrency which if they mess up, its easier to fix because after all its just a small country. El Salvador it self is an experiment still and its close to having a success.

[Webetcoins]

I really hope they do, if they do this and then both Honduras and El Salvador ends up paying for al ot of stuff with these bitcoin earnings they will have, that will actually provide a big proof to whole world that the new reserve currency of the world should be bitcoin and stop using dollars. I am not saying that dollars are bad, but bitcoin is pegged to dollars anyway and usually goes up in the long run.

So, not only you are investing into something with dollar pegged, but you are also increasing more than what dollars would have increased. It is certainly a great way to approach crypto world and even bigger nations may soon start to do this.

[qwertyup23]

It’s rumoured that an announcement will be made during the BTC conference in Miami which is in a few weeks. It was during the same event last year that Jack Mallers announced that El Salvador would be using BTC as legal tender via his Strike, Lightning app. I hope it happens any way, would be cool & another baby step on route to widespread, mainstream adoption.

It is truly fascinating to see where countries slowly adapt and realize the importance of having cryptocurrencies integrate into their financial system. Since these countries are starting to view BTC as legal tender, then its citizens can demand something be paid (as debt or as wage) using BTCs.

This will truly benefit BTC in the long-run given its inflationary value and nature. With this kind of development, we can expect its price to somehow increase in the following weeks given this kind of development. I hope more countries again would soon realize and follow this innovation!

[LeGaulois]

Guys, I don't know if you realize that it was just a rumor coming from Twitter. If you start to listen to rumors on social networks, you will believe the end of the world is coming to the next week and Santa is real.

Nor the central bank or the presidency has said something about it, not even a single word that could give people hope.
And to make it clear, just hours after the allegations began the central bank of the country published a paper to clarify the rumor (you can read it here). Resume: No, they are not interested in Bitcoin, in fact they talk about CBDC, not any crypto.

As soon as it talks about digital currency, people conclude directly with bitcoin. And since the country is close to El Salvador, it can only be that.
Now it is clear that people have overestimated a little too much what remains I repeat: a rumor. The article posted in the original post has even been removed

a brief quote of the press release:

4. We reiterate that the BCH, considering the importance of the adoption of technological innovation for the offering of payment and financial services, continues with the study and conceptual, technical and legal analysis in order to determine the feasibility of issuing a
central bank digital currency (Central Bank Digital Currency -CBDC-, for its acronym in Spanish).
Currency -CBDC-, which has the characteristic of being recognized as legal tender in the recognized as legal tender in the country and therefore regulated and backed by the BCH.

final word: go out, there is nothing to see.

and as a reminder

Bitcoin for the moment in our country is not regulated (...) BCH does not supervise or guarantee transactions made with cryptocurrencies as a means of payment on the national territory

[LUCKMCFLY]

I have not clearly seen what can actually happen, according to Xiomara Castro, the president of Honduras has that option on the table, but it is not that she has made the effort to accept it, it would be a good thing because the economy of that country needs it , there are many Hondurans leaving that country for the USA and another country to seek a better life.

However, seeing the numbers of benefits of BITCOIN as they have in El Salvador, it could be said that they are superior to those they handle, a Central American country like El Salvador and Honduras would be an example for the whole world with BTC as local currency.

[19Nov16]

More and more countries are declarations to legalize bitcoin, bitcoin has passed the benefits and hard tests, massive attacks and FUDs that have been banned from many countries have not killed the community, but continue to grow significantly, even FUDs in various media have become campaigns that make people curious and interested to try to invest in bitcoin so that bitcoin deserves to be a winner and is accepted globally.