The Caribbean is a region consisting of group of islands and the surrounding coasts in the Caribbean Sea. The Caribbean has a mixed developing economy. depending mainly on agriculture, tourism and natural resources. The first appearance of Bitcoin in the Caribbean was in 2015, when the first Caribbean Bitcoin exchange was founded in order to provide Caribbean citizens easy access to digital assets. This was supposed to solve some of the economic problems of the region due to the service’s law fees for transactions, ability for low cost money transfers and its effective way to keep the value of money. Bitcoin in the Caribbean is the new way to transform the Caribbean’s economy by providing such services where traditional banking is limited.
Reggae and dancehall musicians in the Caribbean may soon have a nonfungible token platform to help gain greater control of their creative work.
UK Bitcoin wallet provider Caricoin to create NFT platform for reggae artists
"The adoption of cryptocurrencies is far from being a gimmick,” said one of the entrepreneurs behind a project developing property on the island.
Residents of Caribbean island can conduct local transactions using Bitcoin
IADB disbursed tokenized funds to a recipient in the Dominican Republic using the LACChain blockchain network.
Citi and IADB complete cross-border payment pilot with blockchain tech
The ECCB has launched a regional central bank digital currency in partnership with Caribbean fintech outfit Bitt.
Eastern Caribbean Central Bank's DCash digital currency goes live
The Bank of Jamaica has partnered with an Ireland-based tech firm for its central bank digital currency project scheduled to begin in May.
Jamaica's central bank taps Irish tech outfit for CBDC project
Antigua and Barbuda take steps towards becoming crypto-friendly destinations in the Caribbean region.
Antigua's Crypto Regulation Bill Passes Lower Parliament
Bitmain, the world’s largest crypto mining hardware firm, expands its distribution in South America by partnering with two crypto mining consulting firms.
Bitmain Expands in South America as Its Market Share Drops to 66%