Ecuador's digital currency is winning hearts!
At a time when the world is waking up to the delights of digital currency, a lot of people still remain unaware of the Ecuador's dinero electrónico. While Bitcoin, Ripple, Litecoin or Peercoin are becoming increasingly popular, it is Ecuador's dinero electrónico that has taken this small nation by the storm. What is even more exciting is that unlike the other digital currencies, which boast of no central bank backing, dinero electrónico is a legal tender and has been the official currency of the state since the year 2000. This currency is being used by its citizens easily to do daily jobs....
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In what should be the first of many over the coming years, Ecuador will soon begin trials with the world's first national digital currency. They are the first nation to agree officially to implement it's own digital currency as a state-supported national system of finance. The Central Bank of Ecuador has set up a trial version to begin later this month, and continue through mid-November 15th. Also read: Ecuador's Centralized National Digital Currency. Ecuador Trials the World's First National Digital Currency. This is an evolving story CryptoCoinsNews has been watching for months, as....
It was just last month that the small Latin American country of Ecuador banned Bitcoin. The Ecuadorian National Assembly voted to pass a monetary and financial reform law introduced to the Assembly by Ecuador's President, Rafael Correa. While the outright ban of Bitcoin and other decentralized digital currencies like Bitcoin is news in and of itself, the new sparkly gem of Ecuador's new stance is their intention to create their own digital currency. Most recently, Ecuador's e-money presentation, which provides more details on the new Ecuadorian National digital currency has been posted to....
Earlier this year, the South American nation of Ecuador became the first country in the world to have its own official digital currency. Ecuador abandoned the use of its national currency 'sucre' in 2000 amidst the banking crisis to adopt the US dollar as the currency for transaction. Since then the country has been using dollars as the instrument of payment. The country, led by its President Rafael Correa since 2007 had announced in mid-2014 the plan of going digital with a government backed digital currency. The new digital currency system is set up to be used alongside the conventional....
The psychological moral foundations theory provides a framework through which we can convince others of Bitcoin’s value propositions. The post Winning Hearts And Minds For Bitcoin appeared first on Bitcoin Magazine.