Spanish City Lebrija Launches Local Virtual Currency ‘Elio’ as Form of Stimulus

A municipality in the province of Sevilla, Spain, has launched its own cryptocurrency, which aims to encourage residents and merchants to arrange transactions with it in the midst of the coronavirus-driven economic impact. Spain’s Sevilla Municipality Launches ‘Elio’ Cryptocurrency to Boost Local Economy According to Europa Press, the City Council of Lebrija created “Elio,” a crypto asset pegged to euro price, which will act as a tunnel to send economic aids to stimulate local consumption, between 50 and 200 EUR ($61 to 244) to each one of the 593 selected....

Zaragoza is the first city in Spain to release NFTs, a new form of digital property that has been gaining traction around the world. NFTs are a new form of digital property that allows users to own a piece of digital content, just as they would own a physical object. They’re also an investment—the value of the NFT increases as more people use it and buy into the community. The Zaragoza City Council recently became the first official body in Spain to implement NFTs. During the Fiestas del Pilar, visitors to their site were been able to win NFTs from Cabezudos de la Pilara, El Berrugón, and....

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.....

CriptoNoticias, the Spanish cryptocurrency news website has announced the launch of CriptoForo forum for the Spanish-speaking population. The Spanish speaking cryptocurrency community, concentrated in the Latin America and Mexican regions now have a new forum where they can interact with each other in their native language. CriptoForo, the brand new cryptocurrency forum is the pet project of one of the leading Spanish digital currency news portal, CriptoNoticias. CriptoNoticias recently announced the launch of CriptoForo as a part of its initiative to provide a platform where all Bitcoin,....

In a marketing effort, 7-Eleven Mexico announces the launch of its own virtual currency dubbed "Big Coins." The company is looking to retain customers and build its online presence by rewarding engaged consumers. Earlier this week, local franchise 7-Eleven Mexico, unveiled its latest marketing initiative "Big Coins," a loyalty program that is taking the form of a "virtual social currency," according to a company's announcement. Customers will be rewarded with the virtual currency "simply by logging into [the company's] social blog," reading, sharing or commenting on 7-Eleven's products....