Lakshmi Coin India Consideration
I ran across an blog post and video from GadgetsTricks.com discussing India’s interest in creating the Lakshmi Coin:
What Is Lakshmi?
The Lakshmi, or ‘Laxmi’ is the Hindu goddess of wealth, fortune and prosperity. So it’s only right to choose a name for their digital currency, Lakshmi Coin.
Key Notes About This
Based on my research, I’ve come across the following:
Long Way To Go
While many use Cryptocurrencies, it’s not clear if the future’s bright for global acceptance due to some concerns and criticisms. Thus, the Lakshmi Coin may face steady challenges for the future.
Did anyone read about the Estonia cryptocurrency development? Turns out, the nation responsible for Skype and TransferWise was rumored to issue their own digital currency called estcoins.
Through its e-Residency program (a system that allows entrepreneurs a chance at running a business globally), the proposal would make the Baltic country the first to have an Initial Coin Offering.
[Economist: How Did Estonia Become The Leader In Technology]
Interestingly, although this news has been reported on by TechCrunch, there’s nothing written in stone.
In fact, according to QC.com, Mario Draghi, president of the European Central Bank, was quoted as stating:
No member state can introduce its own currency; the currency of the euro zone is the euro.
While his statement may come off as a dash in hopes, the e-Residency website continues to stay updated with news for its readers however.
Of course, while crypotocurrencies are popular among the tech savvy generation, it still has a long way to go before being recognized by the masses as a form of exchange.
Some more resources worth reading on this subject:
Paris Hilton Cryptocurrency Endorsement
The Paris Hilton cryptocurrency endorsement of LydianCoinLtd has been the buzz across Twitter and other social networks. Dated September 3, 2017, the reality star used the hashtags #ThisIsNotAnAd #CryptoCurrency #BitCoin #ETH #BlockChain.
Check out the short video from TheStreet:
The ICO (Initial Coin Offering) will bypass the traditional methods of venture capitol funding, allowing anyone to raise money using blockchain technology.
View the tweet below:
Other celebrities in support of cryptocurrencies were Dennis Rodman, Floyd Mayweather and The Game.
Here’s Floyd tweeting about Hubii Network:
Who Or What Is LydianCoinLtd?
Gurbaksh Chahal is the chairman and chief executive of Gravity4, an agency with a mission to disrupt the software and advertising industry together.
Gravity4 introduced the Lydian token for A.I. driven digital marketing and advertising services. They plan to offer cryptocurrency holders digital marketing services used by a large portion of major corporations and brands already.
It’s been mentioned previously in the Internet Daily Life entry about the convenience of sending and receiving money digitally. Because cryptocurrencies are gaining momentum, there’s possibility for more blog posts on this subject in the near future.