There have been many reports of people residing in Venezuela turning to bitcoin to hedge against the country’s economic failures. Venezuelans have been using bitcoin because their national currency the Bolivar has been significantly devalued and citizens using the tender are suffering from over 1,800% inflation.
Some alarmists say that crypto-mining will consume more power than the U.S. by 2019. If that happens, then it should not only make miners to seek low-cost renewable energy, but also drive energy firms to work hard at developing solutions for them, with spillover benefits for the rest of the world. In other worlds, we will have better.
Denmark is putting the revolutionizing technology into a completely different arena: humanitarian aid. A report released by the Danish Ministry of Foreign Affairs recommends using cryptocurrencies to send foreign aid directly from Denmark to recipients in poor countries. That would make Denmark the first donor country in the world to transfer aid by using cryptocurrencies.
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Thank you.... :-)
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Hello @incomeincome Thank you for this information. I heard that Venezuela will create her own crypto coin. Estonia also. What Denmark is doing is really a good thing for us investors in crypto. Best from Serbia. :D
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yeah it is possible because now almost every big investor and many Governments are thinking about to launch their own coins in the market, like in India Reliance Owner is going to start his crypto coin and Waqarzaka the famous celebrity in Pakistan he is soon going to launch his own coin.
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