70,000 Caribbean Island Residents to Receive Bitcoin in 2015
All 70,000 residents living on the Caribbean nation of Dominica will be eligible to receive bitcoin as part of 'The Bit Drop' project, an upcoming collaboration between bitcoin businesses, interest groups and local government officials. Scheduled to take place on 14th March, 2015, The Bit Drop will feature an island-wide party boasting 'celebrities, musicians and supporters of bitcoin', as well as education booths and free giveaways. The event will also coincide with Pi Day, an annual celebration of the mathematical constant π (pi). Speaking to CoinDesk, project manager Sarah Blincoe....
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The “Let the Bit Drop” campaign to bring Bitcoin to a small Caribbean island was announced about two weeks ago but the name of the island was not known. That information was announced yesterday and the island selected is Dominica. Dominica is a small island in the Eastern Caribbean with a population of only 70,000 people. The project is designed to put Bitcoin into the hands of the entire population, powered by smartphones and mobile wallets. The infrastructure is supported by Coinapult and two different telecomm companies. Project Manager Sarah Blincoe agreed to speak with CoinTelegraph....
Cryptocurrencies have been getting quite popular in the Caribbean region and in Antigua and Barbuda, the island has seen significant growth. Crypto adoption has been on the rise in the island country and just recently, a regional news report detailed that more than 40 major businesses are accepting bitcoin cash for goods and services. During the last few years, a myriad of Caribbean-based island nations are getting into digital currencies. Many Caribbean regions such as Nevis & St Kitts, Bermuda, Barbados, the Cayman Islands, and Antigua and Barbuda have become hotspots for blockchain....
A development on the Caribbean’s Bequia island will take bitcoin as payment for villas and services to circumvent international banks.
The "Bit Drop" to distribute Bitcoin to all islanders. AUGUST 28, 2014 -Dominica is set to be the first nation to adopt Bitcoin following a successful collaboration between island officials, Coinapult, Aspen Assurance, Bitcoin Beauties and the College Cryptocurrency Network, who have partnered to deliver the project, officially titled The Bit Drop. The Bit Drop project will to send Bitcoin to every resident on Dominica, a Caribbean commonwealth island, via SMS texting. With a population of over 70,000, this project will create the world's largest and highest density Bitcoin community. The....