[2018-03-05] Cambodia May ‘Follow Venezuela’ with National Cryptocurrency

[Terraformer]

Venezuela issuing its Petro cryptocurrency has inspired Cambodia to release its “own cryptocurrency,” according to the local Blockchain industry.

Entapay ‘Can Replace Visa’  for Cambodia

A press release for the country’s forthcoming ASEAN 2018 BlockChain Summit, which will take place in the capital Phnom Penh March 7, tells readers to expect a “notable” announcement regarding a new payment medium called Entapay.

According to organizers, the project, once launched had the potential to “replace” payment giants such as VISA.

“Entapay will be expected to become the connection between integration payment of encrypted currency and the real world. It has the great potential to even replace VISA as the new mainstream payment mode,” they claim.

Continue reading >> http://bitcoinist.com/cambodia-entapay-cryptocurrency/

[chenbo*)]

The time may come when every nation will ditch it's fiat currency and replace it with their own cryptocurrency. Bitcoin and other cryptocurrencies may then be the benchmark just like how the US Dollar and the British Pound has been. As to whether such arrangements will be good or not, only time can tell. People are very unpredictable.

[bbc.reporter]

The new trend for 2018. A state run ICO hehehe.

We might see more and more 3rd world countries wanting to exploit their citizens once again. As if taxing the poor were not enough already.

Governments will take every dime you have if they could, and follow it up with an evil laugh while doing it. Scum.