{"headers":{"Content-Type":"application\/x-www-form-urlencoded"},"body":"source_lang=&target_lang=ES&tag_handling=xml&split_sentences=1&preserve_formatting=1&text=Crypto+adoption%3A+Caribbean+island+fully+Bitcoin-enabled&text=A+Caribbean+island+has+fully+accepted+Bitcoin+as+a+method+of+payment+for+both+residents+and+locals+-+a+first+in+the+world.&text=Adoption+increases+in+the+cryptocurrency+industry+as+one+of+the+Caribbean+islands+accept+crypto+as+an+appropriate+method+of+payment.+The+island+of+Bequia+will+be+accepting+%3Ca+title%3D%22Bitcoin+Evolution+Test+%26amp%3B+Review%22+href%3D%22https%3A%2F%2Fwww.coininsider.com%2Fbitcoin-evolution-review%2F%22+data-replaced%3D%22true%22%3EBitcoin%3C%2Fa%3E+payments+to+avoid+financial+concerns+in+the+region.%0A%0AAccording+to+a+%3Ca+href%3D%22https%3A%2F%2Fwww.euronews.com%2F2021%2F04%2F26%2Fthis-small-caribbean-paradise-is-set-to-become-the-world-s-first-fully-bitcoin-enabled-com%22%3Ereport%2C%3C%2Fa%3E+this+island+will+be+the+first+community+to+be+fully+backed+and+supportive+of+Bitcoin+as+an+accepted+transaction+tender.+Both+residents+-+over+5000+of+them+-+and+visitors+will+be+able+to+use+Bitcoin+to+pay+for+goods+and+services+using+cryptocurrency.%0A%3Ch2%3EProperty+for+sale+using+Bitcoin%3C%2Fh2%3E%0AThe+One+Bequia%2C+a+project+headed+up+by+entrepreneur+and+business+mogul+Storm+Gonsalves%2C+is+in+the+process+of+developing+luxury+villas+on+the+island+-+property+that+will+be+available+for+sale+using+Bitcoin.+As+per+the+report%2C+Gonsalves+noted+that+the+acceptance+of+cryptocurrency+is+not+a+ploy%2C+but+rather+something+that+is+becoming+increasingly+necessary+for+residents%3A%0A%0A%3Cem%3E%22The+adoption+of+%3Ca+title%3D%22Crypto+Trader+Review%22+href%3D%22https%3A%2F%2Fwww.coininsider.com%2Fcrypto-trader-review%2F%22+data-replaced%3D%22true%22%3Ecryptocurrencies%3C%2Fa%3E+is+far+from+being+a+gimmick.+It%E2%80%99s+a+response+to+the+very+real+challenges+faced+by+island+communities+increasingly+cut-off+from+mainstream+banking+facilities.+Residents+of+small+island+nations+are+finding+it+increasingly+difficult+to+send+and+receive+money+internationally+because+of+%27derisking%27+by+large+international+banks.+Derisking+is+when+these+large+institutions+remove+their+intermediary+banking+services+from+smaller+island-based+community+banks.+This+prevents+the+island-based+banks+from+transacting+internationally.%E2%80%9D%3C%2Fem%3E%0A%3Ch2%3ECrypto+the+resolution+to+banking+problems+for+the+Caribbean+islands%3F%3C%2Fh2%3E%0AAs+it+stands%2C+Bequia+has+only+one+branch+of+the+Bank+of+Saint+Vincent.+The+Eastern+Caribbean+dollar+is+also+accepted+for+fiat+transactions.+Cryptocurrency+seems+to+be+a+solution+as+the+islands+in+the+region+appear+to+be+fading+out+from+international+commerce.+While+the+solution+still+requires+effort+to+implement+and+people+on+the+island+might+take+persuading%2C+the+technology-based+currency+might+attract+large+investment+opportunities.+Gonsalves+offered%3A%0A%0A%3Cem%3E%E2%80%9CThe+Caribbean+is+known+for+its+laidback+island+atmosphere.+It%E2%80%99s+not+exactly+the+place+you+would+expect+a+groundbreaking+property+development+on+global+proportions+to+take+place.+I+wanted+to+break+out+of+this+mould+and+surprise+the+world+by+pioneering+a+new+way+of+project+financing%2C+such+as+the+use+of+alternative+payment+methods+such+as+Bitcoin.%E2%80%9D%3C%2Fem%3E%0A%3Cdiv+class%3D%22article-subscription-widget%22%3E%0A%3Cdiv+class%3D%22article-subscription-widget__form%22%3E%3C%2Fdiv%3E%0A%3C%2Fdiv%3E","timeout":15}