Advertise with us (we do not endorse any site advertised)

Author Topic: Marshall Islands Creating New Cryptocurrency  (Read 284 times)

0 Members and 1 Guest are viewing this topic.

Offline Paul88Topic starter

  • Newbie
  • Joined: Jun 2019
  • Posts: 39
  • Country: 00
  • Thanked: 1 times
  • Karma: +0/-0
  • HODL!
    • View Profile
Marshall Islands Creating New Cryptocurrency
« on: September 17, 2019, 11:02:51 AM »

The Republic of the Marshall Islands has been using the US dollar since 1979. But in a new Bloomberg report and a statement from a senior Marshall Islands official, that could all change as the country with a population of 75,000 could soon issue a sovereign currency in digital form – using blockchain technology.


Last year the Marshall Islands passed the Sovereign Currency Act, with the intentions of launching a new currency, the Marshallese sovereign (SOV), which will be used alongside the dollar using blockchain technology.


The statement, published earlier this month, said the SOV has built-in compliance features and will expand "4% each year, following Milton Friedman's k% rule.


New SOV will be automatically distributed to the currency holders and the decentralized entities securing the network. This means that we in government cannot modify the money supply, and we cannot manipulate the value of our currency by printing more money."


https://www.zerohedge.com/crypto/marshall-islands-creating-new-cryptocurrency-push-de-dollarize


Offline Kozaki90

  • Newbie
  • Joined: Oct 2019
  • Posts: 11
  • Karma: +0/-0
  • HODL!
    • View Profile
Re: Marshall Islands Creating New Cryptocurrency
« Reply #1 on: October 11, 2019, 12:14:49 PM »
glad to hear that for marshall island
considering they do not have their own currency before, they can start experimenting on their own cryptocurrency


 

Venezuela to Pay Russia With Own Cryptocurrency for Automotive Parts

Started by bitcoinforum.com

Replies: 3
Views: 4197
Last post August 15, 2019, 01:22:14 AM
by pkshop
Bahamas to launch state backed cryptocurrency

Started by bitcoinforum.com

Replies: 0
Views: 3800
Last post June 24, 2018, 08:06:15 PM
by bitcoinforum.com
White Label Cryptocurrency Wallet

Started by gchristophergloss

Replies: 0
Views: 734
Last post May 16, 2019, 10:31:14 AM
by gchristophergloss
Place cricket cryptocurrency bids

Started by vijay.verma

Replies: 0
Views: 784
Last post June 11, 2019, 02:13:39 PM
by vijay.verma
Place cricket cryptocurrency bids

Started by vijay.verma

Replies: 0
Views: 2052
Last post June 19, 2019, 01:53:26 PM
by vijay.verma

your ads here