Post
Topic
Board Economics
Re: Central Bank of Uruguay announces launch of own crypto currency
by
Seansky
on 07/11/2017, 05:16:21 UTC
Central Bank of Uruguay announces launch of  own cryptocurrency, lets discuss, what effect it will make for their economics.
It seems to me that they have just followed Russia and other's example to launch their own crypto. Their only problem is that poor people who cannot even afford to buy electronic gadgets of their own cannot use the crypto of their own country. Still, it will help them to ease transactions they do in their country everyday but it wont affect their economy greatly unless they use it as replacement for fiat.