Cryptocurrencies have been becoming 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 nation and only recently, a regional news report detailed that more than 40 large businesses receive bitcoin cash for goods and services.
In the past few years, many Caribbean island nations are turning to digital currencies. Many Caribbean regions like Nevis & St Kitts, Bermuda, Barbados, the Cayman Islands, and Antigua and Barbuda have become hotspots for blockchain innovation and crypto trader acceptance.
Two years ago, Antigua’s Information Technology Minister Melford Nicholas said “Antigua and Barbuda are determined to be at the forefront of the new wealth creation system.” In addition, it was the crypto regulations last spring passed in Antigua’s lower Parliament called the “Digital Asset Business Act 2020,” which apply currency laws to securities providers and crypto exchanges.
On December 2, 2020, a local report from the web portal antiguanewsroom.com explained that the adoption of cryptocurrency was “gradually making its way across the island of Antigua.” The report notes that over 40 large businesses in Antigua are receiving bitcoin (BCH) cash today.
The article explains that during the Covid-19 pandemic, the receipt of digital money became more prevalent throughout the island. “Businesses and individuals who have chosen to use it [bitcoin cash] BCH has experienced the benefits of instant money transfer with low fees, ”wrote the author of the report.
Moreover, the editorial also explains that people can find all the bitcoin cash (BCH) traders receive by visiting map.bitcoin.com. At the time of publication, data from map.bitcoin.com shows that a total of 45 bitcoin cash (BCH) accepts businesses on the island nation.
Founder of Bitcoin.com Roger Ver has been instrumental in spreading adoption throughout the region and hopes Antiguans will learn more about the economic benefits that a peer-to-peer electronic money system provides.
Companies included on Antigua’s merchant admission list include businesses like Sheer Rocks Restaurant, Fort Medieval, The Cool Pool, Creole Antigua Tours, Relocate Antigua, Steph & Vlada’s Studio, Akropolis Greek Restaurant, Gents World, 2M Heavy Enterprises, M&M Service Station, Midtown Car Rental, Thirty-six 5 Beach Bar, Tailor’s Daughter, Learning School Childcare Center, North Coast Hardware, and more.
Antigua also has a local Telegram channel called “Antigua Bitcoin Cash and Crypto Trading” where locals can discuss trades and receive merchants.
In addition, bitcoin cash fans in Antigua meet monthly every third Thursday at Hemingways Caribbean Café and Restaurant on St. Mary’s Street. Hemingways also accepts BCH for drinks, lunch and dinner services.
Furthermore, there is a web portal called payantigua.com that offers educational information for receiving BCH, an introduction to crypto automated teller machines (ATMs), information about Bitcoin Cash Register App, and how to shop with bitcoin cash save up to 50% on Amazon by leveraging Purse.io.
What do you think about Antigua and Barbuda having more than 40 bitcoin cash receipt businesses? Let us know what you think in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons, map.bitcoin.com, payantigua.com,
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