Pacific state of Vanuatu offers to invest Bitcoins in plantations of papaya



Cryptocurrency usually does not associated with investment in agriculture, but it was such an experiment tiny island nation of Vanuatu in the South Pacific.

Company South Pacific Plantation Management Limited started to accept bitcoins as payment for the sale and leasing of land for plantations on the part of the composition of the Vanuatu island. As a partner acts CoinJar, an Australian provider of bitcoin payments.

The company believes that the ability to pay Bitcoin encourages foreign investment in land, participants on the island that are great for growing and further sale of papaya.

In an interview OPP.Today Richard Butler, project manager of South Pacific Plantation Management Limited, said:

"People are becoming more open to the new currency, and recently one of the tiniest countries in the world has been carried out new internet cable access technology 4G, which allows bitcoin transactions even faster and easier. "

"The markets are falling, and whether the company has the same plan B, no one knows. I am sure that in January 2016, almost all will be wondering: where is the safe haven? During the 2008 crisis of the banks had withdrawn large sums of money, we also remember the recent turn of desperate depositors in Cyprus and one of the former Soviet republics [Azerbaijan - approx. Ed.] has recently introduced a 20% tax on the output of hard currency out of the country. "

"Therefore, we believe that investing in farms in the Republic of Vanuatu, which is known for its mild climate tax, will be a good solution. Here minimal impact of devaluations and collapsing markets, and there is no risk of withdrawal of funds by the State. It also gives a good profit. "

"We started to make bitcoin, because we want to attract the tech generation of investors. At the same time, accepting Bitcoin as payment for the land as an asset, we also make a valuable and very cryptocurrency, showing that it is a universal international instrument for settlements "- said Richard Butler.




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