Mayor of Barcelona Advocates for a Local Digital Currency
Ada Colau, Barcelona's new mayor has made good on her campaign promise to create a local digital currency to help stimulate local commerce and spending within the city limits, along with other benefits. The city of Barcelona, capital of the Catalonia - an autonomous community in Spain is in currently at the throes of a heightened local movement to break away from Spain. Although the Spanish constitution explicitly disallows any region in the country to secede from the state, pro-independence parties won a clear majority of seats in Catalonia's parliament during the most recent elections.....
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Barcelona city council is reportedly working to launch its own digital currency in the next six months. According to reports from El Pais, one of Spain's leading national newspapers, mayor Ada Colau's government is hoping the digital currency will stimulate local commerce. Though it remains unclear whether the proposed currency is strictly a cryptocurrency, the council has said that users will be able to store their holdings in mobile wallets and exchange them into fiat. In addition, civil workers will be able to receive part of their salary in the new digital currency. Businesses in the....
It all began in Ecuador in the year 2000. The country had launched its digital currency "dinero electrónico" without attracting much limelight but today this currency attracts every Bitcoin enthusiast as it has turned out to be a winner! Now, as per Spanish News Today, the Town Hall of Barcelona is all set to replicate this measure and bring out its own digital currency. It sure would be hoping that it would be able to recreate the magic of "dinero electrónico" which has successfully also kept its citizens hooked to the local markets; something that Barcelona wants to do as well. The name....
U.S. City Mayor Scott Conger recently posted on Twitter his belief that Bitcoin will fix inflation. His tweet which called out the U.S. federal government consisted of a couple of questions for the government regarding inflation. And then ended with there being only one fix for inflation. Bitcoin. It’s no secret that the inflation rate […]
The mayor said he would prefer to use an app like Bitwage or Strike rather than having the local government convert his fiat paycheck into crypto. Francis Suarez, who has served as the mayor of Miami since 2017, has said he’s going to take his next paycheck in Bitcoin.In a Tuesday Twitter post, Suarez said he aimed to be the first United States lawmaker at the state or federal level to accept part of his salary in Bitcoin (BTC). Public records show the Miami mayor’s salary was $97,000 annually between 2016 and 2017, meaning he would receive a monthly paycheck of more than $8,000 or 0.13....
Leo Messi’s departure from Barcelona has dominated the sports headlines this week. Messi has not only been long-considered one of the best players on the planet in the game. He’s also been part of the Barcelona organization for nearly two decades. While both Messi and Barcelona worked extensively to put together terms that would work […]