Presidential Candidate for Ecuador Proposes National Cryptocurrency
Presidential Candidate for Ecuador Proposes National Cryptocurrency A presidential candidate in Ecuador wants to merge the gold standard with blockchain technology. In brief Geovanni Andrade proposes to mint a gold-backed crypto. But will he have the backing of his party, let alone the electorate? Ecuador is not what you could call a crypto-friendly country. The closest it has come to having a favorable position towards crypto was when it moved from a ban on their use to their acceptance as assets—but not as a means of exchange. However, a presidential candidate wants to change that. Geova...
Source: decrypt.co