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Bitcoin, invested as the only currency in a luxury village

Bitcoin, invested as the only currency in a luxury village

The property developer Storm Gonsalves, the managing director of One Bequia, will create a luxury village in the Caribbean. A special feature of the project is that the only currency in the village will be Bitcoin. In fact, all goods and services will be purchased using the cryptocurrency.

 

Storm Gonsalves is planning to build 39 luxury villas on the island of Bequia, a small piece of land in the St. Vincent and the Grenadines archipelago in the West Indies. The homes will not be the only ones to accept Bitcoin as a means of payment, as it will be possible to pay with Bitcoin in shops and a club on the island.

 

For the developer, we should expect to see a proliferation of this type of real estate investment in the coming years: “Right now we are pioneering an alternative form of financing, we are also pioneering a new form of marketing” he said.

 

The properties he plans to build will cost between €780,000 and €1.9 million, or 24-59 Bitcoins according to the current price, and can be purchased using cryptocurrencies.

 

The CEO is optimistic that he is a “pioneer” in this technology, and confident that other developers and countries will soon be interested in his system.

 

Bitcoin, meanwhile, continues to invest in new markets, where even in France it is possible to go to a restaurant and pay in bitcoin. Even though the Bitcoin price has been rising steadily, even crossing the $1,000 billion mark earlier this year, its value has suffered a significant drop of more than 10,000 euros per unit in the last week, following Tesla’s disavowal of the pollution caused by the cryptocurrency, which could contribute to questioning the future of Bitcoin

See Also

 

Read also > THE RISE OF PRICES IN LUXURY PROPERTY

 

 

Featured Photo : © Creative Commons

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