The Marshall Islands Propels Its Own Crypto

The Marshall Islands Propels Its Own Crypto

The Marshall Islands (an island nation located in Central Pacific Ocean) has announced that it is on-road to built its own the Marshallese sovereign or SOV (a digital currency based on blockchain) to reduce its dependency on US dollar. The country’s environment minister, David Paul said that “With the blockchain technology in place, we thought this was an opportune time to establish our own legal tender. As a small country, it’s going to be easier and faster for us to make decisions and respond to the market.”

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