Chub Cay, a private island in the Bahamas, is quickly becoming a Bitcoin (BTC) haven
) haven. The island, which is known for its world-class fishing and beautiful beaches, has made headlines in recent months for its embrace of Bitcoin.
In 2021, Chub Cay installed two Bitcoin ATMs on the island. The ATMs allow guests to buy and sell Bitcoin with dollars. Chub Cay also became the first island in the Bahamas to accept Bitcoin as payment for accommodations and other services. In 2023, Chub Cay took its Bitcoin adoption to the next level by launching a membership program that uses Ordinal nonfungible tokens . The membership program allows guests to purchase or rent a limited-edition NFT that grants them access to the island’s amenities, such as the marina, the clubhouse and the beach. The NFTs are also inscribed on the Bitcoin blockchain, which makes them tamper-proof and secure. General manager David Renaud explains the grander vision.
“We are committed to providing our guests with the best possible experience,” said Renaud. “That includes making it easy for them to get what they need, when they need it. Our growing digital network will do just that.” The membership program has been a huge success, and Chub Cay now plans to auction off 150 of the 200 NFTs on Aug. 18.will be hosted by Luxor Technology, the team that previously hosted the very successful DeGods auction. The price for each NFT will be 0.29 BTC.
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