Problem: Global economy, local currencies

[GCP17]

As you probably noticed, the increasing and unstoppable globalization affects global politics, global culture, and of course, global economy. We no longer live in isolation, as something happening in one region is closely linked to consequences all over the World. In 2016, for example, the US presidential election and Brexit caused upheaval in global financial markets.

Even though we live in a global world, the system still works in terms of local currencies. We live global but we save local, and a solution to this global currency paradox hadn’t been made available to the community before.

GLOBCOIN wants to create a real global currency for the global village. Their digital coin that intents to reflect the world economy by combining the best aspects of cryptocurrencies and the best aspects of fiat (or traditional) currencies. The plan is to link this digital coin to a basket of currencies from the 15 largest world economies and 5 % Gold.

Their ICO starts on January 13th.

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[manoj6233]

And as long as the global economy consists of a collection of local economies governed by multiple countries, a single global currency would do little to eliminate the resulting imbalances that result from the different economic policies pursued by those sovereign nations.