Will Scotland Get its Own Digital Currency?
Scotland is being urged to create its own digital currency. Known as the ScotPound, the currency would operate in an identical manner to bitcoin. A Scottish think tank is suggesting that approximately S�250 be given to every citizen in order to jumpstart activity and get the "ball rolling" on the United Kingdom's latest trend in digital finance. Scotland's economy is undergoing a period of slow growth, and the NEF believes that this new currency could be a positive method for increasing individual spending power amongst citizens while preventing an increase to Scotland's national debt.....
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Scottish National Party (SNP) MP George Kerevan wants Scotland to work on a digital currency and has also said that this must be the next on the policy agenda. The MP spoke at length about the much debated digital currency Scotpound at a fringe event at the SNP conference in Aberdeen. Kerevan also brushed aside all conclusions which claimed that it was the advocacy of keeping Sterling that cost them the referendum vote. While the MP vouched for the digital currency yet he also admitted that he does not have an 'instant alternative.'. He further spoke about the digital currency in the form....
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Scotland decides to move out of the United Kingdom, then it has 9 different currency options including a cryptocurrency to choose from. People in Scotland have started exploring different currency options following Brexit. There have been calls for the Scottish referendum in the past. While Scotland decided against leaving the United Kingdom in the past, the recent vote by Englanders to leave the European Union may soon have the UK witnessing renewed calls for the separation of Scotland. The Common Weal think tank in Scotland has recently published a report with 9 different currency....