As well as being the largest country with a national cryptocurrency, Spain may be the only country to have two (actually no, please see below). Pesetacoin is also a grand national project, albeit with a slightly different approach to the others, and bears the nostalgia-inducing name of Spain’s currency before it adopted the euro.

There will be a total of 166m PTC, described by its creator ‘CryptoMP’ as “[not] an explosive coin, but a modest currency that slowly finds its way into the community”. Apart from giving away 50 PTC amounts on a casual basis, there is no scheduled ‘airdrop’ and it is hoped Pesetacoin will spread organically via its users, as did bitcoin.

CryptoMP has increased the competitive stakes by referring to rival Spaincoin as “a classic pump-and-dump scam” that would make money for a few early on, before disappearing.