Small Spanish town creates its own cryptocurrency.

Small Spanish town creates its own cryptocurrency.

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  1. tldr; The City Council of Lebrija, Spain, has launched its own cryptocurrency, Elio, to encourage residents and merchants to use it in the midst of the coronavirus-driven economic impact. Elio will act as a tunnel to send economic aids to stimulate local consumption, between 50 and 200 EUR ($61 to 244) to each one of the 593 selected beneficiaries.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. The kind of interoperability that is coming to cryptocurrencies and blockchains is a big thing for such small projects. These towns are literally ready to attract funds from a new rising economy, all while making an ecosystem which you can spend those token/coins in.



What do you think?

he bought the dip

Building on Blockchain pt. 15 ft. Shayne Mullen