Following the early 2019 initiation of North Dakota's deep dive into blockchain use cases, a state representative who was a leader in the study, mentioned a future digital asset concept for the region.
Rep. Nathan Toman says that he desires a "North Dakota coin" He believes that such an asset could potentially help the struggling economy in the wake of COVID-19, an Aug. 7 article from Inforum said.
"That was my hope, but we're a little bit late to the game on doing something like that," Toman told Inforum regarding COVID-19 and North Dakota coin.
Toman lobbied for blockchain's many applications as part of the study, including self-governing systems, the article explained.
Backed by aspects such as state-held precious metals and property, Toman told Inforum he sees the asset positioned as more of a store of value than a transactional currency, with the asset functional in conjunction with loans and investing.
Regulating authorities put up resistance against Toman's North Dakota coin effort, although the representative retains a positive outlook for the future of the endeavor in light of the current economy and pandemic.
While North Dakota may eventually issue its own Blockchain-based asset, the U.S. Federal Reserve currently looks toward releasing its FedNow digital money system.
An Official North Dakota Cryptocurrency Could Be on the Horizon
에 게시 됨 Aug 7, 2020
by Cointele | 에 게시 됨 Coinage
Coinage
최근 뉴스
모두보기
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.