70,000 Caribbean Island Residents to Receive Bitcoin in 2015
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 (pi).
Speaking to CoinDesk, project manager Sarah Blincoe suggested the ambitious project started with a simple question: how do you get bitcoin into the hands of as many people as possible? From there, she explained, a plan was launched to distribute an undisclosed amount of bitcoin to island residents via text messaging.
This post was published at Coin Desk on August 28, 2014.