onebequia.com), a new development due to complete by late 2024, everything from the villas priced $950,000-$2.3m, to the rum punches and spa treatments can be bought with Bitcoin (or conventional dollars, for the unconverted). “We provide you with our wallet details.
You send us the agreed bitcoin and we then convert it to US dollars using our regulated money service brokers,” says One Bequia’s developer Storm Gonsalves, son of the prime minister of St Vincent and the Grenadines, Ralph Gonsalves.
It’s no gimmick, Gonsalves assures, but a response to the growing problem of “derisking” that small island nations face, where big banks are withdrawing their services from small, island-based community banks.“They are increasingly cutting us off.
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