Estonia’s national token could be tied to euro, suggests government official

Estonia Europe

Kaspar Korjus, managing director of Estonia’s e-Residency initiative which allows foreigners to become “digital citizens” in the country, published a blog post presenting potential uses for country’s own cryptocurrency token – “estcoin” According to Korjus, the token could support the development of Estonia as a “digital nation” and “encourage investors and entrepreneurs to use e-Residency as their platform for trusted ICO activity.” Additionally, it could also become a foundation for government-issued digital identities and be used to digitally sign documents, log into services or enforce smart contracts.

Controversially, Krojus also suggested that estcoin could be connected to the price of the euro to combine the latter’s stability with the crypto’s decentralized advantages.

About the author

Maciek Klimowicz

Maciek Klimowicz

A seasoned writer and editor with 10 years of experience in a variety of print and online media. Recognizing the transformative potential of the blockchain technology, Maciek has now put his pen to work to explore the key issues of this fast-evolving sector. Contact him on [email protected].

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