(
CoinReport) Bitcoin has influenced many forms of digital currencies to come out
of the gate and make an impression on the world. However, some digital
currencies are not intended to be used across the globe. Instead, they
are implemented within a country’s economy in order to help boost the
nation’s finances.
These national altcoins are designed to take
the concept of
bitcoin, and use it locally. In most cases, national
coins are not allowed to be used outside of the country, as their is
fear that the value of such coins will fall. This alternative to using
money keeps the government separate from cash, all the while putting
power in the hands of the people.
Here is our list for the
top 5 national altcoins.
National Altcoins
5. Swiftcoin
Like the many digital currencies that came before it,
swiftcoin is an electronic form of money. Sending them from point A to point B is as simple as sending an email or attachment file.
Today, many countries fear the collapse of their
financial systems, but digital coins such as swiftcoin, look to protect and revamp them.
Like
most national altcoins, swiftcoin can not be mined off of a
computer. Instead, swiftcoins are purchased with cash or bitcoin. They
can also be earned by selling goods and services using
Oswift.com.
The digital currency was created by the
First National BNAK of Swiftcoin in
Uruguay, and allows locals to set up accounts, as well as buy and sell
digital coins like bitcoin and swiftcoin for cash or precious metals.
4. Isracoin
Isracoin
is already one of the world’s most successful national altcoins. The
digital currency allowed for public mining on March 26th, and was
airdropped to citizens on May 6th.
Isracoin has already begun its
four phase process to get more people on board with the digital
currency. This well thought out plan will help circulate and introduce
locals to a new way of spending money.
The coin offers benefits
that can also be found in bitcoin, such as low interest on deposits and
low cost transaction fees. With Isracoin, the goal is to disrupt the
current banking system of Israel.
3. Spaincoin
Spaincoin
is ideal for Spaniards as it allows them to break free from the
shackles of the government. It was launched on March 12th, just a few
days before Isracoin.
With Spaincoin, Spain is the
biggest country
to have its own national digital currency, with a population of over 46
million people. Spain’s economy has been in a rough spot for the past
couple of years, and with Spaincoin, there is a good chance that there
will be brighter days for the country.
The first 50,000 recipients
of the coin will get 100 SPA each, and then the next 50,000 people will
get 50 SPA each. This will allow for a more balanced distribution.
2. Scotcoin
Scotland’s Scotcoin, not
only allow people a chance to establish a new financial structure, but
also helps Scots gain independence from Britain and the pound.
The risks that come from traditional markets will no longer be an issue with the
Scotcoin.
The new coin works as a plan B to keep order in the economy in case
there is a major collapse with its already existing system.
Scottish businesses have already taken a liking towards the new crypto currency, which was created by
Derek Nisbet. Nesbit feels even more businesses will get on board with the new digital coin as time goes on. He says:
“This
is a one-shot opportunity for Scotland to truly become an international
powerhouse if we can take back the power of our monetary issuance as
credit, as opposed to issued debt with interest from privately owned and
operated banking interests and cartels.”
Nesbit adds that every adult will get 1,000 coins each, and each business will receive 5,000.
1. Auroracoin
Auroracoin
is based in Iceland, and was sent as a way to save the country’s
economy. The virtual coin is based on
litecoin, and was devised
by Baldur Friggjar Odinsson.
Though Odinsson is not the person’s
real identity, similar to bitcoin creator Satoshi Nakamoto, the coin is a
saving grace to the people of Iceland.
The altcoin has the
potential of getting the people of Iceland out of what seems like an
endless financial rut. Success can’t truly be determined until
Auroracoin has ample time to make an impact on Iceland.
To make
the coin a big success, citizens are going to have to be patient and not
run off selling their coins for cash at the first chance they get.
The
world’s economical crisis has put a large cloud over finance, but
digital coins hope to correct this issue. The planet has changed to
where everything is digital. So the obvious solution to correct the
economy could be to make money go digital as well. Whether national
altcoins or bitcoin, crypto currencies are a potential solution that the
world shouldn’t ignore.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
