Why Iceland should really drop the Krona and adopt Bitcoin

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The economist Sveinn Valfells has an unusual proposition: Bitcoin should become the Icelandic national currency. At Bitcoin London 2013, Valfells explained that Iceland is an extremely wealthy ... Monerium co-founder and CEO, Sveinn Valfells, ... *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates. I will never give away, trade or sell your email address. You can unsubscribe at any time. Facebook. Twitter. Telegram. ReddIt. Linkedin. Email. Previous Review Craig Wright Slips Up in Bitcoin Speech Referencing How He Read, or Wrote Satoshi's Whitepaper. Next ... One of the most important presentations made at the Bitcoin London 2013 conference, which occurred on July 2, was the one made by the Icelandic economist and investor Sveinn Valfells.The expert presented an initially shocking idea: Iceland should abandon the Krona and choose Bitcoin as its new official currency. While most of the people in the Level 39 building were open-mouthed, after a few ... Sveinn Valfells, the CEO and co-founder of Monerium, explained that electronic money is a well-established regulatory framework in the continent. This time, electronic money has been approved to work on top of a blockchain network. About this, Valfells commented: “For practical purposes, fiat will be the currency most people and institutions will want to use in the near- and medium-term. And ... CEO and founder Sveinn Valfells claims that this is the first time ever that electronic money has been approved for use over a blockchain. That it is operational as a compliant entity under an established framework speaks volumes for its achievement, he adds: “For practical purposes, fiat will be the currency most people and institutions will want to use in the near- and medium-term. And if ... On the other hand, Sveinn Valfells, Monerium CEO, asserted that the successful transaction came in handy in showing blockchain’s capabilities. Valfells stipulated: “As the first company authorized to issue e-money on blockchains, we are delighted to demonstrate the benefits of blockchains for mainstream B2B transactions using a legal form of digital money.”

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