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The Marshall Islands replaces U.S. dollar with its own cryptocurrency
By Shannon Liao
The Verge, New York
Wednesday, May 23, 2018
The Marshall Islands has made its own cryptocurrency, doing away with the U.S. dollar. The government has signed the change into law, making the "sovereign" its new official cryptocurrency, as spotted by CNBC Africa cryptocurrency trader host Ran Neuner on Twitter yesterday.
The bill was signed into effect on March 1 but the news is making waves again this week. The Marshall Islands' population is 53,066, so the change doesn't affect many, but it is significant for citizens of the islands because banks and credit card companies will need to begin accepting it.
With the recent change, U.S. dollars are still likely to be accepted on the Marshall Islands. The sovereign will just be considered the nation's official legal tender. ...
... For the remainder of the report:
https://www.theverge.com/2018/5/23/17384608/marshall-islands-cryptocurre...
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