Crtpto Daily - National Cryptocurrencies

Hello everybody, hope you’re having a good day!!

National cryptocurrencies are hot topic lately as more and more countries decide to launch their own. Reasons are many: from saving one country's economy to implementation of technology due to further development of country's economy. Some say they're not really cryptos, other say they're next big thing. I think national cryptos are something to keep an eye on and that's why I brought you list of national government backed cryptos.

• Venezuela, Petro
  By now, we all have heard about Venezuela's Petro. It is backed by country's oil and mineral reserves and intended to save Venezuela's economy and to bypass US sanctions. One hundred million tokens based on NEM blockchain were issued and can be used for oil trade, taxes, fees, real estate, gasoline, flights and more. The price of Petro is defined by Venezuelan Ministry of Oil an Mining and pegged to Venezuelan oil price: one petro = one oil barrel.

• Ecuador, Dinero Electronico
  Wholesale ban on Bitcoin in 2014 resulted in launching their own crypto in 2015. Token is backed by Banco Central del Ecuador and pegged one-to-one to the USD. Ecuador was first to roll out central bank issued and controlled currency.

• Tunisia, E-Dinar Coin
  Government teamed up with Monetas to launch EDR, intended to help three million unbanked Tunisians. Currency is stored in La Poste Tunisiene app and is valued at 0.01 USD.

• Senegal, eCFA
  Banque de Marches and eCurrency Mint released eCFA, digital version of CFA franc. It's pegged to the fiat and stored in emoney wallet.

• Sweden, eKrona
  Riksbank, Swedish central bank is working on digital Krona. The eKrona should be released in 2018.

• Estonia, Estcoin
  Estcoin is about to be released. Process is slowed down by European Union not allowing other currency but Euro. This technology friendly country was first to store data on blockchain.

• Russia, CryptoRuble
  Central Bank of Russia is working on national crypto for Eurasian Economic Union.

• Japan, JCoin
  Token is supposed to be released ahead of the 2020 Tokyo Olympics. It's pegged one-to-one with the Yen and tradeable through smartphone app.

• Dubai, EmCash
  Blockchain based crypto use by residents through Empay smartphone app

• Poland, dPLN
  Still under construction, might be linked to the fiat, the Zloty, one-to-one. Using "proof of rate" consensus. Ministry of Digitalisation denied backing.

• Germany, eMark
  Released in 2013. open source peer-to-peer currency. Requires only eMark wallet. Using proof of work most similar to Bitcoin. Total of 20B will be suplied in 2051.

• Portugal, CryptoEscudo
  First token on this list not controlled by banks, governments or companies. Developers set the target price at 1 CESC reach €1000 in 5 to 25 years.

• United States, USDT USDC bitUSD nuBits...
  As far as I know, none of those currencies is government backed, but all of them are pegged to USD.

The list of potentially national currencies not controlled by government continues:

• Iceland, Auroracoin
• Spain, Pesetacoin
  Spaincoin
• Greece, Greececoin
• Scotland, Scotcoin
• Cyprus, Aphrodytecoin
• Ireland, Gaelcoin
  Irishcoin
• Oglala Lakota Nation, Mazacoin
• Netherland, eGulden
• Israel, Isracoin
• Canada, Maplecoin

Many of those coins are dead as they were started by private companies five to eight years ago and never got any support.

Thank you for reading. Feel free to upvote, comment, resteem and follow. Not necessarily in that order.

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Sources

• https://www.coindesk.com/
• https://www.bitcoin.com/
• https://coinmarketcap.com/
• https://cryptonews.com/
• https://cointelegraph.com/
• https://www.ccn.com/

Photo

• pixabay
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