Cryptocurrency increasingly popular in the Caribbean and in Antigua and Barbuda, the island has significant growth. Adaptation of crypto is increasing in the island country, and only one regional news report detailed that more than 40 major businesses accept Bitcoin money for goods and services.
In the last few years, a myriad of Caribbean-based island countries have entered into digital currencies. Many Caribbean regions such as Nevis & St Kitts, Bermuda, Barbados, the Cayman Islands and Antigua and Barbuda have become hotspots for blockchain innovation and crypto merchant acceptance.
Two years ago, Antigua's Minister of Information Technology, Melford Nicholas, said that Antigua and Barbuda was determined to be at the forefront of the new system of wealth creation. Moreover, this past spring crypto regulations passed in Antigua's lower parliament called the "Digital Assets Business Act 2020", which applies money laws to custody providers and crypto exchanges.
On December 2, 2020, a local report from the web portal antiguanewsroom.com stated that cryptocurrency adaptation was "carried out across the island of Antigua, bit by bit." The report notes that over 40 major businesses in Antigua today accept Bitcoin Cash (BCH).
The article explains that accepting digital currencies have become more prominent throughout the island during the Cowid-19 pandemic. "Businesses and individuals who have decided to use [Bitcoin Cash] BCH have experienced the benefits of instant money transfer with low fees," the author of the report wrote.
Moreover, the editorial also explains that people can find all the Bitcoin Cash (BCH) accepting merchants.
In addition, supporters of Bitcoin Cash in Antigua have monthly treasures every third Thursday at Hemingways Caribbean Cafe & Restaurant on St. Louis. Mary's Street. Hemingways also accepts BCH for drinks, lunch and dinner services.
In addition, there is a web portal called payantigua.com that offers educational information for accepting BCH, an introduction to crypto automated teller machines (ATMs), information about the Bitcoin Cash Register app, and how to shop with bitcoin cash and save yourself 50% on Amazon by leveraging Purse.io.
What do you think about Antigua and Barbuda having more than 40 bitcoin money accepting businesses? Let us know what you think in the comments section.
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