Ecuador becomes the first country to roll out its own digital durrency

in dgibyte •  6 years ago 

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  • Social video app Cheez, which boasts over five million installs across Android and iOS, is rolling out a cryptocurrency integration that will let users earn Bitcoin (BTC) and Ethereum (ETH).
  • While also introducing a new audience to crypto and blockchain,” LiveMe CEO Yuki He told Hard Fork.
  • Ironically, Contentos founder Mick Tsai revealed to Hard Fork the company will leverage a “centralized server” to get the functionality off the ground.
  • The downside is that COS tokens have no value outside of Cheez. Indeed, the token has not yet been listed on any exchange desks.
  • If not, users can hold onto their COS and hope the token gets listed on an exchange desk in the near future.
  • crypto[currency] or fiat,” Tsai told Hard Fork. Unfortunately, the company has yet to specify a clear timeline for this.

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