News
Usiacurí is pioneering cryptocurrency integration in Colombia with the Crypto District Initiative
- Usiacurí becomes the first municipality in Colombia to integrate cryptocurrencies such as Bitcoin, Tether and Tron into its economy.
- The “Crypto District” initiative is a partnership between the municipality of Usiacurí, Certika, Universidad de la Costa and Corporación CienTech.
Usiacurí, a picturesque coastal town in Colombia, has taken a pioneering step by becoming the first municipality in the country to legally incorporate cryptocurrencies into its local economy. Launched on June 21, this innovative move is part of the “Crypto District” project, a collaborative effort between the municipality of Usiacurí, Certika, Universidad de la Costa and Corporación CienTech.
CienTech Corporation participated in the launch of the Crypto District project in Usiacurí Atlántico, an initiative developed in alliance with Certika, the Universidad de la Costa (CUC) and the mayor’s office of Usiacurí, which will allow the population of Usiacurí to connect to large global capitals through Blockchain, the technology behind cryptocurrencies.
This initiative allows the use of cryptocurrencies such as Bitcoin, Tether and Tron to allow both tourists and local residents to make transactions. The integration of digital currencies into the Usiacurí economy is aimed at meeting the needs of foreign tourists and adapting to the demands of an increasingly globalized and digital world.
As we wrote inside Cryptocurrency news flashpositions Usiacurí at the forefront of financial technology by enabling local artisans and businesses to transact using blockchain technology, thus providing a fast and secure payment method.
In addition to facilitating e-commerce, the project is designed to boost the local economy by enabling artisans and small businesses to seamlessly sell their goods and services using blockchain technology. This move is expected to transform the way business transactions are conducted in Usiacurí, improving efficiency and safety for both buyers and sellers.
The inspiration for the “Crypto District” came from the adoption of Bitcoin in El Salvador, which you can to know more which we talked about in our Crypto News Flash article, which was closely studied by Tito Crissien, executive director of CienTech and consultant at the Universidad de la Costa. The university played an instrumental role in the project, providing research and academic support through its studies on blockchain and its applications.
Crissien commented:
“The participation of the Universidad de la Costa was fundamental during the entire process, since through its teachers and researchers it strengthened the line of research on blockchain and its applications, such as this tool that “Allowed us to transform Usiacurí into first municipality with a cryptocurrency district, generating more sales in the tourism and hotel sector.”
Usiacurí Mayor Julio Mario Calderón expressed his enthusiasm for the initiative, noting its potential to attract visitors and establish the municipality as a key destination for cryptocurrency enthusiasts. More than 60 local artisans, three hotels, two tour guide agencies and seven restaurants are reportedly already participating in the project.
Upon the project’s launch, local artisans were equipped with cryptocurrency wallets and trained to make their first transactions. This initiative not only enhances Usiacurí’s tourism and hospitality sectors, but also positions it as an innovative model for the integration of cryptographic technology into municipal management and local commerce.
No spam, no lies, just insights. You can cancel at any time.