An interesting innovation, but I can’t help but notice that these countries aren’t exactly the most stable. This could attract invesetment — but also volatility.
The small African country of Senegal is making waves by announcing that it plans to issue a national digital currency utilizing blockchain technology, the same technology that powers Bitcoin.
The National Bank of Ukraine plans to use blockchain or distributed ledger technology in the country for facilitating a cashless economy. The NBU Board has approved a roadmap for Cashless Economy, which for the first…
And for an alternate take: Charles Stross pulls no punches:
http://www.antipope.org/charlie/blog-static/2013/12/why-i-want-bitcoin-to-die-in-a.html