The Eléutera Foundation was formed in Honduras in 2013 and promotes the ideas of classical liberalism, or “social and economic liberty” as the Foundation explains. They announced Tuesday that they’ve partnered with the software developer Mimetic Markets to increase Bitcoin accessibility to residents of Honduras.
Mimetic Markets’ signature product is its application programming interface (API) for trading in cash and futures contracts. The interface also supports prediction markets. The software comes as a plug’n’play solution, which Eléutera saw as a suitable solution for those in Honduras who want to start trading without the hurdle of having to build trading software themselves.
“If you want to expose your local market and launch a Bitcoin exchange without having to hire a platform [developer] and spend several months working on an integration measure, you can have your exchange running in minutes using our platform Sputnik Exchange Engine," said Sameer Parekh Brenn, CEO of Mimetic Markets.
The new offering couldn’t come soon enough. It has been reported that Honduran residents are experiencing the highest rate of government currency devaluation (inflation) in all of Central America. The ease of access to Bitcoin and other cryptocurrency markets will offer Hondurans a much-needed opportunity to rescue their wealth from politically-controlled forms of money.
“M2 is exactly what we needed to jump-start this initiative that is already attracting the attention of a lot of people,” says Eléutera Foundation’s executive director, Guillermo Peña. “Our objective to officially launch an exchange market for cryptocurrencies and other commodities will soon become reality.”
Cryptocurrency fits right in with Eléutera’s stance of classical liberalism, which advocates for private ownership of property and the free trade thereof. As anyone who’s used Bitcoin can testify, cryptocurrency makes the free trade of property as easy as sending an email. Hondurans will now get the chance to see that buying, selling, saving and gambling can be as easy as sending an email, too.
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