Very Positive Sign For Crypto future

Thats a Historic Win.Need These Kind Of Positive News.Thanks a Lot For Sharing.

wow...great post  i  like your post to much thanks for sharing good post @dragosroua

If this is issued by a government doesn't that make it's just another Fiat currency but on a block chain?

I thought the whole point of crypto was that it is decentralised. Does issuing it on the block chain make it so?

As soon as a government is involved doesn't that mean it's centralised?

Hopefully they manage it better than what the Venezuelan government has been doing with the petro... This could be a very great move to help them fix their budget and maybe get some people to come and invest on the islands if they pass some crypto friendly laws.

This is very informative, insightful and compelling. I guess over 50% of Steemians who will be reading this post will get to know about the Marshal Islands for the first time and the inception of Sovereign (SOV) as a  cryptocurrency over there. 

This is goodnews and a welcomed development, thank you for sharing.

Great News! True, Cryptocurrencies have the potential to change the lives of some of the world’s poorest and most desperate people for the better. It can improve lives by helping residents of developing countries participate in the global economy and escape from poverty. Bitcoin and cryptocurrencies can also bring respite to Africa’s  and Asia's inflation problem...

Wow. We're there already. Crypto has taken over. I guess the rest of the world will use Marshal islands as a guide to develop their own crypto economy.

I not easy to believe that such a small economy took this bold step....May be some big players/countries behind the curtain....
May be The Marshal Islands is still a testing ground for larger economies...

this is a interesting thing happening may not get too much limelight now but eventually it will

The National Crypto of Portugal, the  CryptoEscudo. Goodnews everywhere
![images (8).jpeg](https://res.cloudinary.com/hpiynhbhq/image/upload/v1519894276/idfsvucszihxtiulcqbj.jpg)

postingan yang sangat bagus @dragosroua
jngan lupa mampir di postingan saya dan vote end follow me @wahyu23
terimaksih

Such an awesome news wow! Thete is no doubt at all that future belongs to crypto world and life is gonna be digital all around. Great decision taken by the Marshal Island to make their country even more strong both socially and economically, **Bravo**

Oh!!! This is my second time checking your blog since I came on board Steemit. I didn't even know I was enjoying a platform offered by you. Thanks for steem.supply, it's really been a blessing to remove uncertainty and doubt.

I read your all post .So Thanks for give me very important information.Your every post infromed me.

Interesting times indeed, a true economy based on crypto should work just fine, it will be interesting to see how they do distribution and minting.

This is a Great News! Hope Slovenia will be in the next group with Switzerland. We have elections this year. May be some initiatives sprouting around already!!

Let's move to Marshal Islands they have cryptocurrency and the place look like haven

That country may be small dragos but they have quite a cumbersome way of reasoning which is not complex. These guys have realized the need to buy into blockchain. Let's keep an eye on them for the next 4yrs and see how their economy explodes because surely it will.
Very knowledgeable post @dragosroua, thank you

Hi @dragosroua, thanks for finding all these gems of information for us. I love the name Sovereign, it echoes back to older times when Gold Sovereigns were currency and currency was made from Gold.

I am not sure if this was their intention, but I like the romantic notion that it was.

I believe this is definitely the start of a trend for smaller more remote nations who do not have easy access to the global financial system.

I know Andreas from Bitcoin and Charles from Cardano believe that the true growth opportunity for cryptocurrency is in nations where their citizens do not have easy access to reliable banking and finance.

The evidence of this is played out with how M-Peza has taken off in Kenya:
> M-Pesa (M for mobile, pesa is Swahili for money) is a mobile phone-based money transfer, financing and microfinancing service, launched in 2007 by Vodafone for Safaricom and Vodacom, the largest mobile network operators in Kenya and Tanzania.

Read more about it [here](https://en.m.wikipedia.org/wiki/M-Pesa) on Wikipedia.

If mobile phone minutes can become popular as currency in Kenya, then just imagine the potential of cryptocurrency.

Such an exciting time we live in.

Great post and info about a country adopting blockchain. Awesome!
![thumb01.jpg](https://steemitimages.com/DQmTPNKiTuu9x7fFggaMjQDK9bmPm9qPf1gGcP7JtLrMnEH/thumb01.jpg)

change begins from the small people ;)

I have just read about it on an Israeli news website,  It's an Israeli company that will create the crypto for Marshal Island, I'm so proud! :)

This will help the country stay afloat :)))

When can we see some recovery already that period is yet to come for us all

I know it's supposed to be good news, but I am really skeptic about this. I don't even understand why they would need a "new currency" at all, what's their motivation for doing so ?

It just seems to me like a raise of funds rather than a new crypto currency, more likely to be abused than helpful.

Fully Decentralized ? feels like everyone decides what decentralization means to them ...

For me is like Vaslui or Delta Dunarii would decide to issue their own currency, which is not a bad idea, in particular for preserving life in Delta where there can be some green energy incentives as well.

I'm curious about why they would need an ICO to issue the national cryptocurrency. Why don't they just exchange fiat directly to Sovereign through their central bank?

as a legal tender this is a great beginning may be on a small level but this could set things on fire for the next coming months might be a evolution to a revolution

It sure is a great news and in soon there will be many !It might be small for now but in the coming days hope many more countries get on in the boat of it !

Looking from the trends, cryptocurrencies may well become the primary currency in many small countries. The bigger ones will take more time on this, but first Venezuela then Marshall Islands, the trend is starting it seems.