Small Caribbean island accepts BTC for all services - Luke is Alive - April 28

A small island nation of 18 square kilometers known as Bequia is the first community in the world to adopt Bitcoin as a means of payment for its entire economy.

The island of Bequia, a favorite destination of the British royal family, adopts Bitcoin as its official currency, the first initiative of its kind in the world.

According to Storm Consalves, one of the entrepreneurs behind One Bequia, "The adoption of cryptocurrencies is far from a gimmick. It is a response to the real challenges that the island community has faced in the face of the inability to access the global banking system. Residents of small island countries are finding it increasingly difficult to receive and send money internationally, as they are often blocked by large international banks."

He argues that with cryptocurrencies the risk of having their funds confiscated or blocked is reduced to practically zero, as with cryptocurrencies intermediaries, such as traditional banks, are left out of the process.

A great example to follow.

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