The Bit Drop Event in Dominica Cancelled

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In the summer of 2014, the small island of Dominica made waves in the Bitcoin community when it became the focus of a large-scale Bitcoin acceptance projects. The Bit Drop, a non-profit organization, announced that it was putting together an even on the island where it would give tens of thousands of people free Bitcoin to test out and spend.

The distribution of Bitcoin among the people of Dominica was supposed to take place during an island-wide party on the morning of March 14, 2015 . Each person would get several dollars that they would be able to spend on food or drinks at the party, along with educational information about how Bitcoin works and how to store and spend the currency.

The event was canceled due to a failure of the Dominican hosts to provide the support that was promised to The Bit Drop. The organization has not totally given up hope on its project yet, though, and is working to come up with a solution that will allow them to resume the project at a later date.

The Bit Drop partnered with several companies, the most notable being Coinapult, a Bitcoin storage service and payment processor. Coinapult was going to deliver the Bitcoin for The Bit Drop, using its SMS transaction service to send Bitcoin to the Dominican citizens.

The Bit Drop is in the process of refunding anyone who donated to the project.

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Nagaraju Tadakaluri
Nagaraju Tadakaluri is a Professional Web Designer, Freelance Writer, Search Engine Optimizer (SEO), Online Marketer, Multi Level Marketer (MLM) and Business Promoter. Have developed Latest Updates in hopes to educate, inform and inspire.