Cryptocurrency takes hold over Marshall Islands... First Country to make it legal tender beside the U.S Dollar.
As countries around the world see the importance of cryptocurrencies and trying to replicate their own, Marshall Islands takes it a step further, and decides to make their own cryptocurrency and it will the official currency for exchange of goods on the Marshall Islands. SOV will be the official name for this "cryptocurrency," and will have a finite count of 24,000,000 SOV. The government of the Marshall Islands plans to distribute 2.4 million SOVs to its 67,000 residents and 6 million SOVs to international investors. Its an incredible feat for crypto since now since now its becoming legal tender.
Allocating SOV units directly to the citizens will circulate the currency and distribute wealth efficiently to our people,” Heine explained. “In addition, The RMI [Republic of the Marshall Islands] will invest the revenues to support its climate change efforts, green energy, healthcare for those still affected by the US nuclear tests, and education.”
We are seeing similar changes happening in Puerto Rico, after the hurricane hit the island. Crypto-investors and millionaires are traveling there to build a "Crypto-Utopia." Many of these individuals plan on buying their own private airports, houses, land, and hotels, giving a middle finger to the Tax Man, since Puerto Rico is not subject to any personal tax, making Puerto Rico a safe haven from heavy taxation.
We are on the verge of a new evolution in thinking. Blockchain and cryptocurrencies are the first step towards making banks obsolete. We as individuals and free-thinkers must strive for newer ideas that doesn't focus on greed and control like the bankers are doing right now. We have to strive to do better and that first starts with information.
Sources:
RT Report: https://www.rt.com/business/420419-marshall-islands-sovereign-cryptocurrency/
Anti-MEDIA Report: http://theantimedia.org/country-made-cryptocurrency-official-currency/
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