The island country located in the Caribbean region – Saint Kitts and Nevis – plans to turn Bitcoin Cash (BCH) into an official payment method inside its borders by March next year.
BCH jumped to around $103 immediately following the announcement and still trades above $100. Still, this is far away from the 2021 price levels when it surpassed $1,500. The all-time high occurred in 2017 when it traded at over $4,300. Bitcoin is the only digital asset that currently serves as legal tender. The first country to embrace it was El Salvador in 2021.