Author Topic: Bahamas to launch state backed cryptocurrency  (Read 6829 times)

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Bahamas to launch state backed cryptocurrency
« on: June 24, 2018, 08:06:15 PM »

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Bahamas to launch state backed cryptocurrency

Kevin Peter Turnquest the deputy Prime minister and finance minister of the Bahamas has announced that the Bahaman government will be implementing a state-backed cryptocurrency.

Quote
The announcement was made at the Bahamas blockchain and cryptocurrency conference which took place this past week. Turnquest spoke of digital currency as a “way forward for this era of governance” he continued to communicate the importance of cryptocurrencies bare, relaying that many banks had either downsized or pulled out of Bahamian communities entirely. He went on to state the added convenience digital payment systems would bring: “As an island nation, where transportation can be an inconvenience for many, especially the elderly, and costly, we must offer financial services digitally and securely.”.

Read the full article https://www.chepicap.com/en/news/1596/bahamas-to-launch-state-backed-cryptocurrency.html
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Offline popadoodle

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Re: Bahamas to launch state backed cryptocurrency
« Reply #1 on: September 14, 2021, 01:31:19 PM »
"state backed cryptocurrency"

I'd prefer a people backed cryptocurrency every time. State backed crypto makes me shudder. Please no.

 

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