Only Cryptocurrencies can save Poor Countries!

What instruments are central banks using?

What about Small Countries?

  1. EOS (one of the over 5000 cryptocurrencies), which collected over $4 billion through their ICO, and
  2. Tether, another great example of a cryptocurrency. Tether is pegged to the USD and so is a stablecoin. A stablecoin is a cryptocurrency that can be backed by another stable asset, like gold or the U.S. dollar, or can be un-backed whereas they are then tied to an algorithm (for example the currency DAI). It is a currency that is global, is not tied to a central bank, and has low volatility, allowing for practical usage like paying for things every single day. The market cap of Tether is currently over $4 billion.



Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store