I have been pitching the Pesos on the Blockchain concept for a couple of weeks now, and although the level of knowledge is not that good, hopefully it will get better. I am presenting to the banks here, the idea of a permissioned blockchain running on Multichain, which is the only way that the central bank will accept Fiat Money on a chain..making headway, slowly..

I've been experimenting with Multichain more, and am leaning more towards setting up a "New Tagcoin" as the currency underlying native currency of Multichain, with thousands of assets being traded or used in the new chain. We are updating the Tagcash Wallet app and site, so that it uses the blockchains we have in use, allowing for either managed account where we manage the addresses, or the user can create a private key for the "external wallet". I am open to ideas on what to call these..."managed and private?" or internal, external?... The format of the private keys and addresses will be the same as Bitcoin, so it will be easy for others to develop SPV and Light wallets on top of the chain.

For issuance of 100 million fixed New Tagcoin, will enable 1 to 1 burning of old Tagcoin to New Tagcoin, and setting aside 20 million for 10 years at least.

More details on https://bitcointalk.org/index.php?topic=2218399.msg22383126#msg22383126