{"id":152,"date":"2014-08-28T21:49:00","date_gmt":"2014-08-28T21:49:00","guid":{"rendered":"http:\/\/blog.holytransaction.com\/70000-caribbean-island-residents-to-receive-bitcoin-in-2015\/"},"modified":"2020-11-22T03:46:50","modified_gmt":"2020-11-22T01:46:50","slug":"70000-caribbean-island-residents-to-receive-bitcoin-in-2015","status":"publish","type":"post","link":"https:\/\/holytransaction.com\/blog\/2014\/08\/70000-caribbean-island-residents-to-receive-bitcoin-in-2015.html","title":{"rendered":"All 70,000 residents living in Dominica will be eligible to receive bitcoin"},"content":{"rendered":"<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\"><a style=\"clear: left; float: left; margin-bottom: 1em; margin-right: 1em;\" href=\"https:\/\/holytransaction.com\/blog\/wp-content\/uploads\/2014\/08\/bitapple.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/holytransaction.com\/blog\/wp-content\/uploads\/2014\/08\/bitapple.jpg\" width=\"320\" height=\"213\" border=\"0\" \/><\/a>(<a href=\"http:\/\/www.coindesk.com\/70000-caribbean-island-residents-receive-bitcoin-2015\/\">CoinDesk<\/a>) All 70,000 residents living on the Caribbean nation of Dominica will<br \/>\nbe eligible to receive <a href=\"https:\/\/holytransaction.com\/page\/what-is-bitcoin\">bitcoin<\/a> as part of \u2018The Bit Drop\u2019 project, an<br \/>\nupcoming collaboration between bitcoin businesses, interest groups and<br \/>\nlocal government officials.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Scheduled to take place on 14th March3, 2015, The Bit Drop will feature an island-wide party boasting \u2018celebrities, musicians and<br \/>\nsupporters of bitcoin\u2019, as well as education booths and free giveaways.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Speaking to CoinDesk, project manager <a href=\"https:\/\/www.sfgate.com\/technology\/article\/Bitcoin-Beauties-promotes-use-of-currency-by-women-5249573.php\" target=\"_blank\" rel=\"noopener noreferrer\">Sarah Blincoe<\/a><br \/>\nsuggested the ambitious project started with a simple question: how do<br \/>\nyou get bitcoin into the hands of as many people as possible? From<br \/>\nthere, she explained, a plan was launched to distribute an undisclosed<br \/>\namount of bitcoin to island residents via text messaging.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">While the event has serious goals, Blincoe said the group decided to adopt a lighthearted tone for the project, adding:<\/div>\n<div style=\"text-align: justify;\">\n<p>&nbsp;<\/p>\n<blockquote><p><i>\u201cWho doesn\u2019t like a party? No one in the Caribbean, that is for sure.\u201d<\/i><\/p><\/blockquote>\n<\/div>\n<h2 style=\"text-align: justify;\">The \u2018perfect location\u2019<\/h2>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Dominica, with its relatively small population and gross domestic<br \/>\nproduct (GDP), proved an ideal location for the event, according to<br \/>\nBlincoe.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The country\u2019s high mobile penetration rates, however,\u00a0may have been<br \/>\nthe most compelling factor.\u00a0Blincoe believes Dominica\u2019s smartphone users<br \/>\nwill be able to solve real-world problems using bitcoin, adding:<\/div>\n<div style=\"text-align: justify;\">\n<p>&nbsp;<\/p>\n<blockquote><p><i>\u201cThe island has opportunities for remittance due to many<br \/>\nislanders moving for work to [other] islands, as well as the local<br \/>\nmedical university with students from around the globe. Dominica<br \/>\ncitizens also face currency exchange issues when traveling to nearby<br \/>\nislands.\u201d<\/i><\/p><\/blockquote>\n<\/div>\n<div style=\"text-align: justify;\">Data from Eastern Caribbean Telecommunications Authority (<a href=\"https:\/\/ectel.int\/\" target=\"_blank\" rel=\"noopener noreferrer\">ECTEL<\/a>),<br \/>\na regulatory body overseeing telecommunications in Dominica, bolsters<br \/>\nthis claim, suggesting there were roughly 100,000 mobile subscriptions<br \/>\nactive in the country in 2012. Additionally, bitcoin penetration is<br \/>\ncomparatively low in Dominica.<\/div>\n<blockquote class=\"tr_bq\">\n<div style=\"text-align: justify;\"><i>\u201cThe young forward-thinking administration sees the long-term benefits<br \/>\nin the block-chain technology and is eager to support our project in any<br \/>\nway possible.\u201d<\/i><\/div>\n<\/blockquote>\n<p>Open your free digital wallet <a href=\"https:\/\/holytransaction.com\/app#!\/signup\">here<\/a> to store your cryptocurrencies in a safe place.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>(CoinDesk) All 70,000 residents living on the Caribbean nation of Dominica will be eligible to receive bitcoin as part of \u2018The Bit Drop\u2019 project, an upcoming collaboration between bitcoin businesses, interest groups and local government officials. Scheduled to take place on 14th March3, 2015, The Bit Drop will feature an island-wide party boasting \u2018celebrities, musicians [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":643,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,37,256],"tags":[704,932],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.6 (Yoast SEO v22.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>All 70,000 residents living in Dominica will be eligible to receive bitcoin -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/holytransaction.com\/blog\/2014\/08\/70000-caribbean-island-residents-to-receive-bitcoin-in-2015.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"All 70,000 residents living in Dominica will be eligible to receive bitcoin\" \/>\n<meta property=\"og:description\" content=\"(CoinDesk) All 70,000 residents living on the Caribbean nation of Dominica will be eligible to receive bitcoin as part of \u2018The Bit Drop\u2019 project, an upcoming collaboration between bitcoin businesses, interest groups and local government officials. 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