Cryptocurrencies have been getting 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 country and just recently, a regional news report detailed that more than 40 major businesses are accepting bitcoin cash for goods and services.
During the last few years, a myriad of Caribbean-based island nations are getting 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 “Antigua and Barbuda is determined to be on the cutting edge of the new system of creating wealth.” Moreover, this past spring crypto regulations passed in Antigua’s lower Parliament called the “Digital Assets Business Act 2020,” which applies money laws to custodial providers and crypto exchanges.
On December 2, 2020, a local report from the web portal antiguanewsroom.com explained that cryptocurrency adoption is “making its way across the island of Antigua, bit by bit.” The report notes that over 40 major businesses in Antigua are accepting bitcoin cash (BCH) today.
The article explains that accepting digital currencies has become more prominent throughout the island during the Covid-19 pandemic. “Businesses and individuals who have opted into using [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 by visiting map.bitcoin.com. At the time of publication, data from map.bitcoin.com shows that there’s a total of 45 bitcoin cash (BCH) accepting businesses on the island country.
Bitcoin.com’s founder Roger Ver has been instrumental toward spreading adoption throughout the region and hopes Antiguans learn more about the economic benefits a peer-to-peer electronic cash system provides.
Companies included on the Antigua merchant acceptance list includes 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, The Tailor’s Daughter, Learning Ladder Child Care Centre, 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 merchant acceptance.
Additionally, bitcoin cash supporters in Antigua have monthly meetups every third Thursday at Hemingways Caribbean Cafe & Restaurant on St. Mary’s Street. Hemingways also accepts BCH for drinks, lunch, and dinner services.
Further, there’s a web portal called payantigua.com that offers educational information for accepting BCH, an introduction to crypto automated teller machines (ATM), information about the Bitcoin Cash Register App, and how to shop with bitcoin cash and save up to 50% on Amazon by leveraging Purse.io.
What do you think about Antigua and Barbuda having more than 40 bitcoin cash accepting businesses? Let us know what you think in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons, map.bitcoin.com, payantigua.com,
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.