Geek Tragedy, Or Could Blockchain Make Drachma Out Of A Crisis?

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.

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