Residents of Caribbean island can conduct local transactions using Bitcoin
"The adoption of cryptocurrencies is far from being a gimmick,” said one of the entrepreneurs behind a project developing property on the island. The more than 5,000 residents of an island that forms a part of St. Vincent and the Grenadines can use crypto as a means of payment.According to a report from Euronews, both residents and visitors to the island of Bequia can use Bitcoin (BTC) to pay for goods and services ranging from property to food at one of the local eateries. The One Bequia project, backed by entrepreneur Storm Gonsalves, is building luxury villas on the island for sale in....
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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....
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....
Jersey Island is welcoming to Bitcoin. Jersey, an autonomous island of the UK, is a well established "tax haven" and besides tourism the island's economy is driven by financial services. This has lead to an increasingly affluent people on the cutting edge of financial and technological innovation. Naturally the island wants to secure its future in the emerging world of digital currency. A local campaign group, bit.coin.je, has recently been set up to pursue Bitcoin understanding and adoption on the island. The group is an alliance of Jersey-based businesses and entrepreneurs who foresee....
A development on the Caribbean’s Bequia island will take bitcoin as payment for villas and services to circumvent international banks.