18 Apr '15, 5pm

Bitcoin will become national currency in the new state of Liberland

Bitcoin will become national currency in the new state of Liberland

The state already has its own Wikipedia page, an official website, its national flag and coat of arms. As far as the information goes, the government form of Liberland will be republican with direct democracy elements. It is not the first instance when Bitcoin or some other cryptocurrency becomes official currency of a separate territory within an existing country. For example, it happened in Lonseston, Australia. Official acceptance of Bitcoin will allow the new country to avoid spending money on launching of state typography, and designing the banknotes and protection means. Moreover, in case Liberland succeeds, it could make a major contribution in practical understanding of Bitcoin and blockchain technology, not to mention that the country will instantly become a true Mecca for Bitcoin enthusiasts.

Full article: http://forklog.com/bitcoin-will-be-the-national-currency-...

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