Ecuador Setting an Example by Adopting Digital Currency

By April 4, 2015Bitcoin Business

Earlier this year, the South American nation of Ecuador became the first country in the world to have its own official digital currency. Ecuador abandoned the use of its national currency ‘ sucre ‘ in 2000 amidst the banking crisis to adopt the US dollar as the currency for transaction. Since then the country has been using dollars as the instrument of payment. The country, led by its President Rafael Correa since 2007 had announced […]

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