Managing Director at One Bequia Storm Gonsalves is planning to create the first Bitcoin community in the Caribbean where goods, services and the houses themselves could all be paid for through Bitcoin. The properties, ranging from £670,000 to £1.6million, can be purchased using cryptocurrencies equivalents where prices are locked in to avoid fluctuations in price during transactions. Mr Gonsalves said he is happy to be “pioneering” the technology and says other developers and countries will be watching how to replicate his successes – stating it could be a very normal thing in the years to come.
One Bequia is set to be built on Bequia island which is part of St Vincent and the Grenadines measuring only 18-square-kilometres.
Mr Gonsalves plans to build 39 luxury villas complete with shops, a clubhouse and other buildings which will all accept Bitcoin as payment.
Speaking to Express.co.uk, Mr Gonsalves was asked whether his development could be bigger than simply the bricks and mortar that make the development.
He said: “Well definitely, I think that real estate developments…
