BITCOIN TO BE TAKEN AS PAYMENT
Bitcoin will be taken as payment for everyday essentials at the development’s shop, restaurant, café and cinema.
Locals on Bequia – known as “the island in the clouds” – will continue to use the Eastern Caribbean Dollar, with Queen Elizabeth II on notes and coins.
Developers say using Bitcoin is increasingly more of a necessity than a ploy to attract people’s attention, reports Euro News.
“The adoption of cryptocurrency is far from a gimmick,” said Storm Gonsalves, the property mogul behind the One Bequia project.
“It’s a response to the very real challenges faced by island communities increasingly cut off from mainstream banking facilities.”
