With debt talks raging on and still no answer in sight, the unlikely saviour of Greece’s ailing economy could be found in the Bitcoin Blockchain, or so a team of crypto-currency experts claim.
Lee Gibson Grant, part of the technical team at UK-based crypto-currency consultancy Coinstructors, has proposed that Greek authorities should consider issuing a parallel currency that uses Blockchain technology, the infrastructure that supports Bitcoin.
Grant believes Greece could make government payments to public sector employees and pensioners using its own crypto-currency, allowing it to service its €320bn European debt.
To continue reading...
Our Key Benefits
PaymentsCompliance is a premium information service for compliance, legal and regulatory professionals. Our award-winning regulatory monitoring platform is used by many of the world's leading payment services providers and e-money institutions, regulators, challenger banks, fintechs and law firms.
We keep our clients informed of critical regulatory change and help them understand, with in-depth analysis, when change is coming and the implications for their organisation.
We provide our clients with a quantifiable and significant ROI by reducing the amount of time and money spent monitoring and analysing regulatory environments in multiple jurisdictions.