Honduras, El American

Honduras May Declare Bitcoin as Legal Tender

President Xiomara Castro seeks to bring Honduras “towards the First World countries” and abandon its dependence on the U.S. dollar

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The president of Honduras, Xiomara Castro de Zelaya, could announce in the coming hours the adoption of Bitcoin as legal tender in her country.

According to the digital media DigitNews, Castro de Zelaya intends to join El Salvador in its famous move to introduce cryptocurrencies into its financial system in order to “escape” from the U.S. dollar and “move towards the First World countries.”

Honduras: towards “towards the First World countries”

“We must not allow El Salvador to be the only country escaping dollar hegemony,” Castro reportedly said. “Honduras has the right to move towards the First World countries.”

If confirmed, the Central American country would become the second nation in the world to make Bitcoin legal tender and it would compete in parallel with the Lempira, the official Honduran currency.

According to DigitNews, Castro would announce the measure in the coming hours.

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