The Republic of the Marshall of Islands Presents “SOV”; The First-Ever “National” Crypto…

A nation which never had its national currency is for the first time in its history is venturing into having a national currency. That in itself is indeed a great step, but what makes its all the edgier is that this nation is straight away venturing into having its very own national cryptocurrency. The nation we are talking about is The Republic of the Marshall of Islands.

The need to have a national cryptocurrency “Marshallese sovereign (SOV)”

The U.S. ruled The Republic of the Marshall of Islands from 1945 to 1986. Since 1986, after gaining independence from the U.S, The Marshal Islands has been using the U.S. Dollar as its national currency. The island nation from the Pacific Ocean doesn’t have its currency. The U.S. also conducted various nuclear tests on the islands from 1947 to 1962. That resulted in various environmental issues, alarming sea levels, and all kinds of challenges to the life of the islands.

As a result, the U.S. gave compensatory funds to the islands. But…