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Latin America and the Caribbean are quickly becoming popular destinations for crypto developers looking to get their digital currencies accepted as legal cash. According to rumors, the creators of certain popular digital currencies are looking for a suitable location where their cryptos may be legally recognized in debt settlement. In other words, this may be characterized as a legal need to use a digital currency as a regular substitute for fiat cash.

Since their inception in 2009, cryptocurrencies have seen significant increases in value, utility, and popularity; yet, because they are not backed by any other asset, they are highly volatile and subject to regular value drops.

According to sources, five well-known crypto developers are presently in the Caribbean area, attempting to persuade governments to accept their digital currencies as legal cash. The developers are visiting the region in ultra-luxury boats and private jets, hoping to meet with the leaders of the Small Island Developing States (SIDS) in order to gain access to the activity.

Why are they attempting to contact Caribbean leaders?

Even though these Caribbean island countries are small, they provide a safe and secure economic environment. If these countries adopt crypto developers’ ideas, the value of their digital currency will rise. For example, a developer’s crypto currency may be worth $1,000, but if one of the countries declares it to be legal money, the value of the coin would rise by more than tenfold, resulting in massive profits for the creators.

Not only that, but sources claim that these developers are giving large sums of money to governments in exchange for the legal currency status of their cryptocurrencies.

According to the sources, these developers are attempting to persuade government officials that cryptocurrencies are the way of the future and a viable alternative to fiat currencies.

El Salvador’s Demise

El Salvador (El Salvador) In September 2021, a Central American country became the first in the world to recognize bitcoin as legal money, letting customers to use it for all transactions in addition to the US Dollar. As a result of the political and economic failures that followed, the country’s economy is currently in free fall. El Salvador lost $52 million through gambling on digital assets, according to government figures, causing the country to enter a financial catastrophe.

The choice to use cryptocurrencies as legal cash has turned into a nightmare for El Salvador’s economy, putting President Nayib Bukele’s government’s survival in jeopardy as elections loom in 2024. On Wednesday, Bitcoin was down for the ninth session, the worst drop since 2014.

The International Monetary Fund (IMF) recommended El Salvador to support its plan to make Bitcoin legal money in the aftermath of the economic calamities. As it struggles to acquire additional funding through a blocked Bitcoin-linked bond, the country’s dollar debt is also the worst-performing in Latin America.

Other nations, such as El Salvador, are contemplating making cryptocurrency legal money. The IMF has also stated that due to the insecurity and vulnerability of digital currencies, they are unsuitable as legal money.

According to the International Monetary Fund (IMF), the dangers associated with digital currencies exceed the benefits they provide since they pose a threat to consumer protection, financial integrity, and a country’s macro-financial stability. Due to rapid price swings, simple manipulation, and the lack of a physical object to back them up, all digital currencies carry market risks.

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TikTok Influencers

Caribbean Artists And TikTok Influencers Join Forces To Communicate Hurricane Season

TikTok Influencers, top West Indian cricketers and music stars are joining arms as the new “Disaster Fighters,” a team of influential figures, to disseminate informational messages on fighting the impact of hurricanes, volcanic eruptions, COVID-19 and other hazards.

Starting June 28th, West Indian cricketers, DJ Bravo of Trinidad and Tobago; St. Lucia’s Daren Sammy, and St. Kitts & Nevis’ Kieran Powell, have joined forces with musicians, Mr Killa of Grenada, Tafa Mi Soleil of Haiti and Ricky T of St. Lucia, for the TikTok campaign kick-off.

Popular Caribbean TikTok creators will go live and connect directly with the audience in real time to help spread hurricane preparedness messages and hear about the personal experiences of those who have lived through disasters. They will also invite users to show their support for the Disaster Fighters campaign by creating videos using the hashtags, #DisasterFighters and #HurricaneSeason.

A TikTok Challenge #MakeAPlan will be launched to inspire and encourage the general population in order to raise awareness about hurricane preparedness through creating and sharing creative videos, singing the famous Jahmar Hamilton phrase: “Make A Plan,” in a 10-second segment of the Disaster Fighters song.

The 2021 hurricane season runs from June 1st to November 30th. The impact of hurricanes in the Caribbean region is growing every year, and it’s important to alert nationals and send relevant preparedness messages. TikTok, the leading destination for short-form mobile videos has partnered with the Caribbean Disaster Emergency Management Agency, (CDEMA) on this regional prevention campaign to raise awareness about the hurricane season in the Caribbean Community, (CARICOM) region.

TikTok will support the Disaster Fighters campaign to encourage people to be prepared for the hurricane season and provide access to informational messages on preparedness before, during and after a hurricane. They will also engage in livestreams and the creation of videos to improve community preparedness and resilience to risks such as hurricanes in the region.

The initiative is supported by the World Bank, TikTok, the European Union’s Caribbean Regional Resilience Building Facility, the Canada Caribbean Resilience Facility, the Global Facility for Disaster Reduction and Recovery and Binance Charity. The campaign has been developed by the risk communications firm Pacifico.

For more information visit disaster-fighters.org
And follow DISASTER FIGHTERS on

TikTok at https://www.tiktok.com/@disasterfighters
Twitter at https://twitter.com/disasterfight
Facebook at https://www.facebook.com/disasterfighter
Instagram at https://www.instagram.com/disasterfighters

Article by: CaribPR Wire, NEW YORK, NY, Tues. June 29, 2021

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Poet Vladimir Lucien, overall winner of the 2015 OCM Bocas Prize for Caribbean Literature, receives his prize from judge Laurence Breiner at the Award Ceremony during the NGC Bocas Lit Fest in May 2015. The OCM Bocas Prize for Caribbean Literature is a major award for literary books by Caribbean writers. Books may be entered in three categories: poetry, fiction, and literary non-fiction. The prize includes an award of US$10,000 for the overall winner, sponsored by One Caribbean Media. The other category winners receive a cash award of US$3,000.

To be eligible for the 2016 Prize, a book must be published in the calendar year 2015, and written by an author born in the Caribbean or holding Caribbean citizenship. Books must also be originally written in English.

The submission deadlines for the 2016 Prize are 9 November, 2015 (for books published up to 31 October, 2015), and 8 January, 2016 (for books published between 1 November and 31 December, 2015).

Download the full submission guidelines and entry form here.

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