BitcoinCash could soon be the legal tender in Sint Maarten

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2 years ago
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If you don't know about Sint Maarten, then you're not alone

Till recently the constituent country of the Kingdom of the Netherlands in the Caribbean called Sint Maarten was relatively unknown as it only has an area of 41.44 sq km (16.00 sq mi).

Making BitcoinCash the legal tender

Source: Today article & Bitcoin.com article

Rolando Brison, who is the leader of the United People’s Party says that they are drafting the bill to introduce BitcoinCash as its legal tender.

Sint Maarten currently uses Netherlands Antillean Guilder as its currency, which is a leftover from Netherlands Antilles, which was another constituent country of the Kingdom of the Netherlands that broke into different constituent countries, including Sint Maarten.

The currency known as Netherlands Antillean Guilder was to be replaced by Caribbean Guilder in Curaçao and Sint Maarten.

Now it seems that the Sint Maarten is looking towards adopting BitcoinCash instead of the US Dollar or the Caribbean Guilder.

Second country to adopt Crypto as Legal Tender

After El Salvador adopted Bitcoin as their legal tender, Sint Maarten would become the second country to adopt a cryptocurrency as their legal tender.

First country to have BitcoinCash as Legal Tender

Unlike El Salvador, Sint Maarten is potentially adopting BitcoinCash as their legal tender.

While it is still not yet finalized and things are still under development, it can fairly be said that there is a strong possibility that it may actually happen.

There is still a chance that it could go sideways as Sint Maarten is quite a small country that could be swayed by the IMF or the international pressure.

What it could been for BitcoinCash

Since it is not yet finalized I would still not count it as bullish news, but the potential is there as BitcoinCash is becoming quite widespread in the Latin Americas as a payment method.

This could be a positive development for BitcoinCash adoption, however I am personally holding off the celebration till the bill is actually passed in the parliament.

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Comments

I'm still waiting for our leaders to start adopting crypto and hopefully BCH too :)

$ 0.01
2 years ago

Hopefully soon

$ 0.00
2 years ago

Hey, good article but I disagree with the statement "Second country to adopt Crypto as Legal Tender."

El Salvador is not the first country to adopt crypto as legal tender. It's the first country to FORCE citizens to use legal tender against their will.

If St. Maarten makes BCH a legal Tender, it will be the first country in the world to have crypto as a voluntary legal tender.

I know this sounds knit-picky but it's an important distinction.

$ 0.01
2 years ago

Ah yes, I remember the protest in El Salvador.

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2 years ago

It sounds pretty realistic to me.

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2 years ago