Drachmae: Could bitcoin-inspired currency be the answer to Greece’s economic woes?

By May 15, 2015Bitcoin Business

The bitcoin-like drachmae would be backed by Greece’s assets and used alongside the euro as an alternative currency A new system has been proposed to use bitcoin’s underlying blockchain technology to solve Greece’s economic troubles, while still keeping the country within the Eurozone.

A digital currency called drachmae, backed by the country’s assets, would be used to pay government employees and pensioners and begin repaying its creditors. 

"If Greece has this many assets, why not back […]

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