Honduras and Guatemala to follow El Salvador’s bitcoin adoption

The central banks of Honduras and Guatemala are eying digital currencies, officials said on Wednesday, following El Salvador’s adoption of bitcoin as legal currency.

The central bank presidents for Honduras and Guatemala both said the banks were studying digital currencies with the aim of eventually introducing them into the economy, including via a central bank digital currency.

El Salvador on Tuesday made history with its adoption of bitcoin as legal tender, though the launch of its government-backed digital wallet hit snags including technological glitches and an angry protest by mistrustful citizens.

Cerrato said the adoption of digital currencies in Central American countries should be addressed in the Central American Monetary Council, which brings together central bank authorities.

Guatemala’s central bank vice president Jose Alfredo Blanco said the bank was studying the possibility of a local digital currency that would be called iQuetzal.

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