Share this article

You Can Now Rent This Private Island Surf Resort for 1 Bitcoin

One bitcoin could buy you a week-long getaway with 15 friends at the Beran Island Resort.

Updated May 9, 2023, 3:16 a.m. Published Feb 22, 2021, 3:24 p.m.
Beran Island where the luxury resort is located.
Beran Island where the luxury resort is located.

A luxury surf destination in the middle of the Pacific Ocean wants your bitcoin.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

According to an announcement shared with CoinDesk on Monday, Beran Island Resort, located in the Marshall Islands, has begun accepting bitcoin as a form of payment in a bid to attract a "younger demographic."

Surf explorers can book a journey to "the middle of nowhere" with 15 of their friends and rent out the private island for 1 BTC, roughly $53,000 at press time, where they will have access to a top surf break, fishing and scuba diving.

See also: Central Bank of Bahamas Launches Landmark ‘Sand Dollar’ Digital Currency

A spokesperson told CoinDesk the move is in line with the Sovereign Currency Act 2018, passed as part of the Marshall Islands' attempt to transition away from a reliance on the U.S. dollar.

The resort claims to be eco-friendly, with its energy supply coming from solar panels and wind turbines. It's also working with the government to create a shark sanctuary, according to the statement.

More For You

UK crypto rules too slow to support global hub ambitions, says Agant CEO

Agant CEO Andrew MacKenzie. (Photo by Olivier Acuna/Modified by Coindesk)

Regulatory delays risk blunting Britain’s digital asset push, said Andrew MacKenzie, head of the pound-pegged stablecoin developer.

What to know:

  • Andrew MacKenzie, CEO of sterling stablecoin developer Agant, says the U.K.’s slow rollout of crypto and stablecoin rules undermines its ambition to be a global digital asset hub.
  • Agant’s FCA registration marks a regulatory milestone and positions its planned GBPA token as institutional infrastructure for payments, settlement and tokenized assets rather than a retail product.
  • MacKenzie said well-designed stablecoins can extend monetary sovereignty and spur competition in financial services.
  • U.K. banks are elevating blockchain to a C-suite priority amid what they see as a decades-long transition.