Estonia is preparing to print out its digital money with the help of Ethereum founder Vitalik Buterin. It is being talked about the crypto money given by Estcoin, which can be operated by an ICO campaign to be regulated. If crypto money is printed and processing begins, Estonia will become the first country to produce its own digital money.
It is well known that the Baltic country is very popular with digital innovations. For example, the first country to provide e-residence, in other words a digital identity, to non-citizens is Estonia. With this project, the country has the opportunity to benefit from services such as banking, payment processing and taxation to digital identity holders.
Kaspar Korjus, president of Projenin and Enterprise Estonia, said the initiative is a step in the direction of creating a "digital nation without borders". Korjus added that more than 22 e-resident enrolled in the project from 138 countries and that these people make a great contribution to the country's economy. Buterin said:
"Co-operation between the project participants and the country will be enhanced by an ICO to be made for e-residence ecosystem. Beyond the economic point of view, e-ikimmetçiler will adopt the community spirit as the number of things they can do together will increase. "
Vitalik Buterin support
According to Korjus, Vitalik Buterin, the founder of Ethereum, is a strong supporter of Estonia's digital innovations. On the other hand, Buterin explained his views on the estcoin initiative.
"If estcoin is printed on a blockchain (probably at the same time, it will be printed in multiple format), it will be easy and convenient to use in smart contracts and other applications."
Estonian president Kersti Kaljulaid has made it clear that the month of last month the Estonian nation is the "only true digital society".
"Citizens, including elections, can do almost all official business online safely. Our e-citizens can build a company here and run their business without having to come to Estonia. "
Source: Cnbc