Texas has proven to be a frontline state within the Bitcoin and BlockChain ecosystem. Sam Castaneda speaks with cointelegraph on the peculiar characteristics of the state and why they have led in breaking new grounds within the ecosystem and milestones that have been achieved by the people of Texas.
Sam Castaneda is the Co-Founder of UTXO , a BitcoinCT r: 2 company based in Texas. Sam was born in south Texas and moved to Houston to pursue economics at the university of Houston. Sam proudly says: “I have been a Texan all my life.” Texans are trail blazers
According to Sam, Texas has always been inclined to take a stance in monetary policies. Giving an example with Greg Abbot "texans governor" who signed house bill 483 which had an interesting proposal for a state run bullion depository. The Texas Bullion Depository, in essence a Gold backed bank. Such would be a first of its kind in the nation. The policy would allow individuals and entities to be able to purchase goods and use assets in the vault the same way you would be able to use cash . Sam emphasized that Texans are on the front line of adapting new technology in the finance sector.
“Texas banking commission was the first state to come out and address virtual currencies. Now Bitcoin’s popularity in Texas is growing but I have no doubt that Texan culture will be among the first to adapt to the bitcoin technologies.” He said. There is still room for growth Sam did not hold back in making it known that there is still a lot of room for achievement. Despite insisting that Texas is one of the leading states in the development of the Bitcoin market , he believes that there is still a lot left to be […]
