All 70,000 residents living on the Caribbean nation of Dominica will be eligible to receive bitcoin as part of The Bit Drop project, an upcoming collaboration between bitcoin businesses, interest groups and local government officials.
Scheduled to take place on 14th March, 2015, The Bit Drop will feature an island wide party boasting ‘celebrities, musicians and supporters of bitcoin’, as well as education booths and free giveaways. The event will also coincide with Pi Day, an annual celebration of the mathematical constant p (pi).
While the event has serious goals, Project manager Blincoe said the group decided to adopt a lighthearted tone for the project, adding:
“Who doesn’t like a party? No one in the Caribbean, that is for sure.”
Project partners include bitcoin wallet and merchant processing provider Coinapult, international non-profit College Cryptocurrency Network, women’s industry group Bitcoin Beauties and bitcoin-friendly insurance provider Aspen Assurance.
70,000 Caribbean Island Residents to Receive Bitcoin in 2015