Irish City of Belfast launches its own digital currency

The concept of a local currency is not a new one. The first one to introduce such a currency is the Canadian city of Calgary – dubbed as “Calgary Dollar,“ which has been in existence since 1996 and being used alongside the Federally controlled Canadian Dollar to create a value chain for the local economy that stays within the domestic ecosystem. With the digital transformation taking place in the global ecosystems & the popularity of the mainstream Cryptocurrencies, Calgary rebranded & introduced the digital version called the ‘Calgary Digital Dollar’ in December of 2018. Taking inspiration from the Canadian city’s experiment,…...