Estonia is well on its way to realizing its dream of building a global nation supported by its e-Residency program and its own cryptocurrency. Digital currencies have definitely taken 2017 by storm. Massive price increases, mainstream adoption and just an overall interest in the benefits of blockchain technology have been some of the key highlights of this year. It’s not just investors hoping to capitalize on these benefits though, governments can also see the advantages
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Estonia has announced it plans to become the world’s first country to launch an ICO despite warnings from the European Central Bank (ECB). Estonia’s Path To ICO ‘Haven’ The small Baltic nation, which has already made strides in digital identity and Blockchain leverage, is now looking to fully incorporate aspects of digital tokens at state level. The potential for an ‘Estcoin’ is tied up with the successful e-Residency program launched by government several years ago.
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Estonia is seriously thinking about creating its own digital currency called the estcoin. This move could bolster the country’s digital residents to almost ten times its actual population. There’s no denying the stellar rise of cryptocurrency. What many initially scoffed at has now become a major economic force. Large financial institutions, such as Goldman Sachs and Fidelity Investments, have jumped onto the cryptocurrency bandwagon. Now a major seismic shift may occur as a country, Estonia,