Servizi
Coinbase and Penrose Partners Drive Digital Finance Adoption in Bermuda at the Digital Finance Forum
The initiative showcased Bermuda as a live testbed for inclusive, secure, and accessible digital finance, demonstrating how stablecoins can integrate into everyday commerce.
Tom Duff Gordon , Vice President of International Policy at Coinbase, stated:
Local vendors quickly adapted to digital payment transactions, accepting USDC via QR codes linked to their Coinbase Wallets. Vendor Ashley Stephens from Ashley's Lemonade reflected on the experience: "
The initiative received strong support from the Government of Bermuda , which sponsored over 150 complimentary tickets to ensure inclusive community participation.
The Hon. David Burt , Premier of Bermuda , emphasized:
While the activation generated nearly $40,000 in digital dollar transactions on Community Day, the three-day event attracted more than 500 attendees, including a significant number of international visitors. This influx brought a measurable economic boost to the city, estimated at $1 million , spanning increased hotel occupancy, higher foot traffic in restaurants, cafes, and retail stores, and greater demand for transport services such as airports and taxis.
Crypto creates economic freedom by ensuring that people can participate fairly in the economy, and Coinbase (NASDAQ: COIN) is on a mission to increase economic freedom for more than 1 billion people. We're updating the century-old financial system by providing a trusted platform that makes it easy for people and institutions to engage with crypto assets, including trading, staking, safekeeping, spending, and fast, free global transfers. We also provide critical infrastructure for onchain activity and support builders who share our vision that onchain is the new online. And together with the crypto community, we advocate for responsible rules to make the benefits of crypto available around the world.
Founded in 2019, Penrose Partners is a digital asset advisory firm that consults public and private sector institutions on strategy, business development, education programs, and product development. Penrose's mission is to drive the global adoption of digital assets to create a more open and inclusive financial system. The firm works at the intersection of innovation, regulation, and enterprise, supporting leading organizations including Coinbase, Circle, NEAR, and the Government of Bermuda . Headquartered in Bermuda , Penrose Partners operates globally across London , Montreal , New York , and Toronto .
press@coinbase.com
info@penrosepartners.com
View original content:https://www.prnewswire.co.uk/news-releases/coinbase-and-penrose-partners-drive-digital-finance-adoption-in-bermuda-at-the-digital-finance-forum-302467621.html