Estonia Cryptocurrency
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.
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