Post
Topic
Board Politics & Society
Re: Ecuador’s new virtual currency is a source of pride, worry
by
Wilikon
on 17/08/2015, 15:27:17 UTC
Skeptics, however, fear the system opens up a backdoor for the cash-strapped administration to shed the restrictions of its dollarized economy and, just perhaps, “print” its own digital currency.

As opposed to the US dollar which is just 'printed'?


“This way you don’t have to struggle to find the exact change,” he said, as he plowed his yellow cab down a busy street. “And it’s safer than carrying cash — because of the risk of getting robbed and all that business.”

Couldn't they just steal the phone or send all the money on it to another? Sounds like it could be less safe to me.


Less safe than the secret pin number of your stolen debit card?