Bitcoin, Common Currency in This Caribbean Luxury Community

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The island of Bequia is located in the Grenadines. According to One Bequia’s website, it’s “Known to be the best kept secret getaway of world leaders & celebrities.” And, in that community, sooner than later, you’ll be able to pay for most things in Bitcoin. You’ll even be able to buy property in the 39 luxury villas that they’re building. Besides PR, there’s a solid reason that the project is pushing Bitcoin acceptance. The population is having trouble sending and receiving money. To reduce risk, transnational banks are shutting down their intermediary banking services. And thus, small banks in Caribbean islands consistently get cut off the world’s financial system. The man behind the One Bequia, Storm Gonsalves, recently told Euronews: “This has pushed many Caribbean island nations to adopt blockchain and other cryptocurrencies a lot faster than other more developed nations. Bermuda, Bahamas, Barbados and now St. Vincent are leading…

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