According to a Euronews report, residents and visitors of Bequia Island will be able to pay for goods and services using Bitcoin. The new initiative comes under the “One Bequia” project, which is building selling luxury villas on the island in Bitcoin.
The project is backed by entrepreneur Storm Gonsalves. The entrepreneur said that the move was necessary to solve the problem of traditional financial institutions abandoning Caribbean islands. Gonsalves explained:
Bequia is slowly earning itself the title of “Bitcoin Island.”
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Source: Cryptocurrency - investing.com
