RATE Group | Bhutan Launches National Digital Currency
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Bhutan Launches National Digital Currency

10 Oct Bhutan Launches National Digital Currency

Posted at 13:14h in Cryptocurrency News by

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According to a press release, The Kingdom of Bhutan launches its national cryptocurrency called Prizm. It will have the same rights and can be used on equal terms with the main Kingdom’s fiat currency – ngultrum.

Prizm is finally ready to shine!

It has been said, that the cryptocurrency was under development last few years and undergo tests in different countries worldwide, and paramining was being produced. Now the Prizm is ready to shine and be used by all country residents.

Developers from Bhutan approached crypto mining in an original way. Large farms will not be able to seize power over the extraction of digital currency, because the role of the miners goes to the poorest members of the network. Here are the words from a press release about it:

“Prizm e-wallet will be issued to every resident of Bhutan. This is a small electronic device that allows you to mine cryptocurrency and pay for purchases with it. Residents will also be able to use cryptocurrency with their…

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