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ANTIGUA | Gov't appoints special economic envoy for technology development

Calvin Ayre will advise “on the effective implementation of new technological developments in cryptocurrency and Bitcoin. Calvin Ayre will advise “on the effective implementation of new technological developments in cryptocurrency and Bitcoin.
ST. JOHN’S, Antigua, Aug 9, CMC – The Antigua and Barbuda government has appointed a special economic envoy with responsibility for advising on economic cooperation and commerce between the island and other countries where blockchain technology is being utilised.

It said Calvin Ayre will advise “on the effective implementation of new technological developments in cryptocurrency and Bitcoin, which have been adopted by leading companies in the United States, Australia, Denmark, the Netherlands, Sweden, Canada, China, and the United Kingdom.

Calvin

“He has already invested heavily in Bitcoin blockchain core technology, and his e-Com technology processes more Bitcoin transactions than any other platform in the world today,” the Gaston Brown administration said in a statement.

It said as it did in offshore banking and Internet Gaming in the 1990s, it “anticipates becoming an early leader in the Caribbean to compete in the international community in the provision of a legal platform for world-wide private sector activity utilising blockchain technology.”

The government said Ayre has “a wealth of knowledge in the internet gaming sector, having pioneered the development of software support for online gaming, and subsequently establishing his own gaming operations under the popular Bodog brand.

“His efforts are expected to re-invigorate the Internet Gaming industry in Antigua and Barbuda which, in 1999, provided more than US$100 million to the economy and employed over 2,000 people. Today, the online gaming business is worth in excess of US$37.9 billion annually, with markets throughout Asia and Europe.

“As it continues to diversify the economy and create new and high paying jobs for its people, the government of Antigua and Barbuda looks forward to the contribution of Mr Ayre’s technological companies,” the statement added.

Last modified onThursday, 10 August 2017 07:33
  • Countries: Antigua_Barbuda