Uruguay discovers a new use case for cryptocurrencies

Digital currencies are known for their
potential to replace fiat currencies and eliminate centralized money. However,
while acting as a new form of money is their largest use case, it is certainly
not the only one. New ones are being discovered all the time, and a beach
resort in Uruguay had just discovered another one.

The beach resort, known as Piriapolis,
recently started offering its visitors and citizens the ability to obtain digital currencies in exchange for
plastic remains. The resort is giving 100-400 of so-called plasticoins in
exchange for plastic weighing at least 1kg.

In exchange for their plastic, people receive their new plasticoins on their smartphones, with the amount received depending on the nature of plastic. The coins can then be used for obtaining discounts and deals with selected retailers. This comes as a rather innovative and unique use for cryptocurrencies which has intrigued many around the world.

Fighting beach pollution with
crypto

Uruguay’s interest…