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.
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