Op-Ed: Will Ecuador’s Experiment with Digital Money Work?

By September 8, 2014Bitcoin Business



G+PinterestThe tiny South American nation of Ecuador has been an economic wasteland for many years. The problem of inflation became so bad that by the year 2000 the country was forced to abandon its currency, the Sucre, and switch to the dollar . This had the effect of preventing the government from printing money at will, which was one of the main causes of the near hyper-inflation suffered by the country. Ecuador tried raising […]

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