New ideas can hit the market like holding a party and finding that no one shows up, at least not on time. Digital currencies just received another governmental boost. Ecuador has issued a digital currency that is exchangeable with their conventional currency. One critical hurdle for cryptocurrencies has been whether they can be used to pay taxes. Government acceptance is important. Unfortunately, there aren’t many early adopters. Only 8,000 people have signed up for the digital wallets. The watch begins to see if the experiment succeeds or fails.
“Ecuador Launches New Digital Currency” – The Guardian
Pretending Not To Panic 