Having Crypto Money Can Buy Luxury Villas In The Caribbean Islands, Interested?

Crypto money becomes a financial solution in the Caribbean (Economic Times)

JAKARTA - The use of crypto money as a transaction tool is increasingly being implemented. Even one of the islands in the Caribbean, Bequia, reportedly accepts crypto money as a legal means of payment. In Bequia, Bitcoin has been used to avoid financial inflation in the region.

The residents on the island of Bequia are predicted to be the first people to support the use of Bitcoin as an official means of payment. About 5,000 residents and visitors there can use Bitcoin crypto money to buy goods and services, as compiled from Coin Insider.

Business and entrepreneur tycoon, Storm Goncalves is working on property land for the construction of luxury villas in the region. The plan, the villa can be purchased by consumers with Bitcoin.

Goncalves argues that the growing acceptance of crypto money is not just a gimmick. According to him, crypto money will become the mainstream and will be increasingly used by various groups of people.

“The adoption of cryptocurrency is not a hoax. This is a response to the most real challenges faced by the island community (Bequia) who are increasingly cut off from major banking facilities, ”said Goncalves.

“It is increasingly difficult for citizens on small islands to send and receive money internationally because of the ringing from the world's big banks. Derisking is when these large institutions remove their intermediary services from the island's smaller community-based banks. This prevents them from making transactions internationally, ”added Goncalves.

Crypto money appears to be the solution to banking problems in the Caribbean Islands. This is because the islands in the region are far from the reach of international trade transactions. For information, Bequia only has one bank, namely Bank Saint Vincent.

Goncalves argues that the use of crypto money can attract large investors to invest in the Caribbean Islands.

“The Caribbean is known as an island with a relaxed atmosphere. This is not the place you expect to develop a property that is innovative of global proportions to materialize. I want to break out of this stigma and surprise the world by pioneering new ways of funding projects, including implementing alternative payment methods such as Bitcoin. "