The people of Scotland might soon have a new medium of exchange to use instead of the British Pound. No, we’re not talking an impending secession for the United Kingdom and the formation of a new state currency. The Scots could be on the verge of going crypto.
Back in 2014, ahead of the referendum vote for independence from the U.K, a Scotland-specific bitcoin knockoff called Scotcoin rose to prominence. The idea was to distribute the digital currency to all Scottish people, giving them an alternative ready to use if a “yes” vote were to be secured. Unfortunately, Scotland voted “no,” and while Scotcoin held stable for a while, it was migrated to the bitcoin blockchain as a digital asset late last year.
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