Honduran president could recognize Bitcoin as legal currency in the country
RIO DE JANEIRO, BRAZIL – Xiomara Castro, the president of Honduras, has reportedly defended El Salvador’s monetary policy and hinted that the country could follow in its neighbor’s footsteps and adopt Bitcoin.
Honduras could be the next country to adopt Bitcoin as legal tender. El Salvador’s neighbor in Central America could take inspiration from the first country to adopt the currency under the leadership of President Xiomara Castro.
In recent weeks, sources have indicated that the Honduran president reportedly intends to introduce the cryptocurrency to “get closer to the First World.” Xiomara believes that “El Salvador should not be the only country to escape the hegemony of the dollar.”
In the meantime, Max Keiser, a famous blockchain technology enthusiast, published a curious post on March 18 in which he suggested that the expectations of bitcoin investors in Honduras could be fulfilled.
“The time has come,” Max Keiser wrote.
The first country to adopt Bitcoin as legal tender in September 2021, El Salvador has gained global notoriety for mining cryptocurrencies with the energy of a volcano and investing billions in the sector.
More: Brazil news in English, every day from The Rio Times.
Live Market IntelligenceCrypto — Live Market Board
Rio Times · Live Market Intelligence
Crypto — Live Market Board
-3.18%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| BTC | 66,080 | -3.18% | -30.00% | 68,249 | 68,361 | 66,036 | 31,176,581,120 |
| ETH | 1,852 | -3.91% | -40.27% | 1,928 | 1,933 | 1,852 | 12,061,447,168 |
| SOL | 73.94 | -5.32% | -46.61% | 78.10 | 78.39 | 73.94 | 3,432,306,176 |
| XRP | 0.98 | -2.62% | -56.23% | 1.01 | 1.01 | 0.98 | 2,197,576,960 |
| BNB | 598.59 | -4.90% | -34.55% | 629.43 | 631.14 | 598.59 | 1,189,241,600 |
| ADA | 0.16 | -6.23% | -68.36% | 0.17 | 0.17 | 0.16 | 268,770,656 |
| DOGE | 0.06 | -4.89% | -61.12% | 0.06 | 0.06 | 0.06 | 584,152,704 |
| AVAX | 7.72 | -6.07% | -48.98% | 8.22 | 8.25 | 7.72 | 294,679,264 |
| LINK | 9.30 | -5.43% | -32.62% | 9.83 | 9.88 | 9.30 | 270,955,616 |
| DOT | 0.77 | -6.31% | -72.67% | 0.82 | 0.82 | 0.77 | 69,801,128 |
| LTC | 46.38 | -5.98% | -52.50% | 49.32 | 49.52 | 46.38 | 212,612,736 |
| BCH | 212.75 | -3.85% | -55.66% | 221.27 | 221.98 | 212.75 | 122,030,424 |
| TRX | 0.31 | -0.24% | +6.38% | 0.31 | 0.31 | 0.31 | 344,647,808 |
| XLM | 0.14 | -3.92% | -45.88% | 0.15 | 0.15 | 0.14 | 214,488,224 |
| HBAR | 0.06 | -3.65% | -61.25% | 0.06 | 0.06 | 0.06 | 60,711,980 |
| NEAR | 3.23 | -6.04% | +37.42% | 3.44 | 3.47 | 3.23 | 591,547,584 |
| ATOM | 1.32 | -3.46% | -52.84% | 1.37 | 1.37 | 1.32 | 22,266,366 |
| AAVE | 103.92 | -6.78% | -40.12% | 111.47 | 112.12 | 103.92 | 194,719,872 |
This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error
LatAm Markets: Live Signals → — real-time movers, turnover leaders and FX across Latin America.