Lithuania President gifted crypto to Estonian President.

[EdenHazard]

I don't know but I think this collectors digital currency is different from a usual cryptocurrency. I mean that LBCoin is a state-backed digital currency and It has physical forms they call it a silver coin that resembles like a credit card. You can even buy it in the bank of Lithuania.
However, it's a blockchain based currency, so that makes it more of a cryptocurrency, but I really doubt LBCoin has different purpose from a usual cryptocurrency.

yupp we heard that at least it lift up the cryptocurrency in it .. the rumor has it that these digital collector LBcoin launched on purpose to see whether are they really need to issue a real digital currency that works just like fiat.

I love seeing this kind news , a progressive one to turn cryptocurrency into a mainstream world.

Wishing that more European banks doing the same on developing blockchain technology through cryptocurrency, they would do it I'm sure. Just the matter of the time tho.

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[AniviaBtc]

This kind of news should be broadcast in public so people will know that bitcoin is a good asset.

An open minded leader is a key to success, if he understands us, those people who are using cryptocurrency, then this can bring a huge advantage in the future. This is a positive action and mindset that a leader should have, it will probably make a good reputation for bitcoin although it has really a good advantages and benefits to the people.

Proper manipulation, adoption, and utilization can increase and widen our community so always promote and support it in everyday lives.

[Vishnu.Reang]

The EU nations in general have some of the most liberal cryptocurrency laws, when compared to the United States or Latin America. And it is surprising because only a small fraction of the cryptocurrency ventures (cryptocurrency exchanges, investment sites.etc) are based in Europe. Even if you look at the ICO sector, only a few are based in the European Union.

[Mauser]

The EU nations in general have some of the most liberal cryptocurrency laws, when compared to the United States or Latin America. And it is surprising because only a small fraction of the cryptocurrency ventures (cryptocurrency exchanges, investment sites.etc) are based in Europe. Even if you look at the ICO sector, only a few are based in the European Union.

Also the baltic nations are highly advanced in terms of internet. Due to adopting the EUR and being heavily funded by the European Union the countries got their infrastructure completely newly build in the last years. It's very good for the small nations with a small population to be in the EU because they get proportionaley higher benefits and voting rights.

Estonia is rank #13 and Lithuania rank #21 in the Digital Quality of Life Index.

https://en.delfi.lt/lifestyle/lithuania-rises-to-21st-position-in-digital-quality-of-life-rating.d?id=84998193

No wonder that crypto currencies become even attractive for the presidents.

[Shasha80]

Unfortunately, the Lithuanian president did not give a gift in the form of popular crypto to the President, but instead a collectible
crypto called LBCOIN. Although it is not a sign of adoption for Bitcoin, at least blockchain technology is gaining in popularity. I hope
it's Bitcoin's next turn which is used as a gift, if presidents between countries give each other Bitcoin as a gift it will be much more
interesting news.

[Yaunfitda]

Unfortunately, the Lithuanian president did not give a gift in the form of popular crypto to the President, but instead a collectible
crypto called LBCOIN. Although it is not a sign of adoption for Bitcoin, at least blockchain technology is gaining in popularity. I hope
it's Bitcoin's next turn which is used as a gift, if presidents between countries give each other Bitcoin as a gift it will be much more
interesting news.

But still we crypto enthusiast consider this as a sign that crypto is being recognized by those two nations. Blockchain technology is also very popular on those baltic states, and it seems that their government is really advance and very liberal in terms of their support to crypto or blockchain. And if you live on those countries, you are very lucky, unlike some other states around EU that has some sort of negativity towards crypto and thinks that it is being used only by criminals.

[cheezcarls]

Source - https://twitter.com/GitanasNauseda/status/1294313726359875585

When do we hear news of presidents gifting cryptocurrency to a fellow-president? I hope he installs any ledger wallets and becomes a fanatic! IMO, making it easy for these businesses to use blockchain/crypto is key, some of these kiddos still have no idea about the technology too. I hope simple integrations as what NEM Symbol APIs have done with Lithuania's President can open more doors.

It’s a rare moment in the crypto space where two presidents from different countries are sending and receiving crypto from each other. In this act alone, it promotes a huge step towards mass adoption and awareness of cryptocurrencies and blockchain technology in both Lithuania and Estonia.

Here in the Philippines, it’s a crypto-friendly country but image and reputation are ruined because of these scammers using crypto as front to lure more victims into their trap. I could imagine if our president himself was also gifted with Bitcoin, it would be huge awareness for us.

[DarkDays]

Definitely a nice thing to see.

Both Lithuania and Estonia have put in a great deal of time, money, and effort to position themselves as global hotspots for blockchain talent and startups.

I think that these two countries, along with Switzerland (Zug in particular) are going to reap the rewards of being early on the blockchain race, and should see their investments pay off in a droves in the near future.

If only we could see US President Donald Trump and Chinese President Xi Jinping do something similar  

[smyslov]

It's not a cryptocurrency, it's a digital currency, there is a difference. They make use of the word crypto because it's swag in 2020.
But in reality, it's a state currency and not P2P without a central bank. You can buy it from the Bank of Lithuania and if I'm correct you can not store it, the B of L does it on your behalf.
It's a coin for numismatists I think.

It's like if you buy a car and the seller tells you: "You bought it but the car stays here"

There's no LBCOIN in the market and the tweet confirm that It's a coin for numismatists it's more of a memorabilia coin but it's very much close to Cryptocurrency I guess they have an idea on Cryptocurency maybe one day they will create their own Cryptocurrency since they are promoting this stuff.

[tbterryboy]

When do we hear news of presidents gifting cryptocurrency to a fellow-president? I hope he installs any ledger wallets and becomes a fanatic! IMO, making it easy for these businesses to use blockchain/crypto is key, some of these kiddos still have no idea about the technology too. I hope simple integrations as what NEM Symbol APIs have done with Lithuania's President can open more doors.

It is really good, and this move is going to make huge impact on how Bitcoin is being adopted in Lithuania.

As long as it’s something that has to do with the president who is the first citizen of the country, it’s going to go viral and a lot of people in those two countries, whether they know about cryptocurrency or not, are going to hear about it and start talking about it, the media is also going to be carrying the news and that’s a boost for cryptocurrency.

After that, investors in those countries are going to be interested in it. This is one of the best things I am seeing this month, and especially now it seems that the price of bitcoin is preparing for a run up.

[reliable]

It's not a cryptocurrency, it's a digital currency, there is a difference. They make use of the word crypto because it's swag in 2020.
But in reality, it's a state currency and not P2P without a central bank. You can buy it from the Bank of Lithuania and if I'm correct you can not store it, the B of L does it on your behalf.
It's a coin for numismatists I think.

It's like if you buy a car and the seller tells you: "You bought it but the car stays here"

There's no LBCOIN in the market and the tweet confirm that It's a coin for numismatists it's more of a memorabilia coin but it's very much close to Cryptocurrency I guess they have an idea on Cryptocurency maybe one day they will create their own Cryptocurrency since they are promoting this stuff.

Good to see that in gift something similar sort of thing was given. Would have being best if bitcoin was given as it would mean to promote as well and across world this thing would have bring in the news and might also become the trend in coming time when in gift bitcoin could be used it.

[LeGaulois]

...

That's stupid, how can it be "so huge" for Bitcoin. See yourself right now, does it bring something positive to Bitcoin? Zero, nothing. Do the media outlets have been talking massively about it? No just 1 or 2 articles here and there, 30 seconds on TV, and voila.
Secondly, this is not a cryptocurrency, it's a collective digital currency, for numismatic.

Do you think investors in the country would be interested to spend money on a collectible coin that can not be spend?
The best thing you're seeing this month? LOL, this is full of shit.

[Harlot]

So I started searching what “LBCoins” are and why the Bank of Lithuania is issuing it and the thing I found out is thdy are not cryptocurrencies but more of a digital collector coin that also has a physical version of it as also explained in their announcement video. So I don't think its a crypto related news but more of a blockchain related news since their collector coins uses blockchain in keeping track om the digital versions they are releasing.

[Yatsan]

That was incredibly something new to be known for it is unusual for a person to receive a gift like crypto and also unusual for a person to give crypto as a present specially knowing that it is a respected leader of a certain country. But it is very good to know that this have happened because it is a simple and very small step to start up with introducing cryptocurrencies to the Estonian president with the act done by the Lithuanian president. Looking forward to see that coming from this it will create a good relationship between those two countries as well lead to the mass adaption and recognizing of cryptocurrency usage.

[beerlover]

I believe if it is digital currency that means it is not really crypto and when it is not crypto it really doesn't matter to people all that much, not to our market. Estonia is also already a very digital place, you can stay in your own nation without traveling to Estonia, build a digital company there, like maybe a crypto exchange, and you can basically be based there with an office in your own nation and you would literally never leave your chair while doing that.

This shows you that there is really no need to make it a lot more for Estonia, however if this was done towards some nation with a president who doesn't like digital or crypto currencies, I would assume that it would really work because it could change their perspective when another nations president gifts them.

[Arkann]

I believe that this situation, when one politician gave another politician a certain amount of cryptocurrency, will not play a major role in the cryptocurrency market. But with regard to estonia, in general, we need to talk about a different situation where the relevant state institutions issue licenses that have been adopted in accordance with legislative changes that regulate the scope of operations with cryptocurrencies. According to these changes, new requirements arise for market participants, with an increase in the threshold for entering the market. That is, the situation can be explained in such a way that only big players with a huge financial resource and developed infrastructure can participate in the process, and all those who do not meet the above criteria will actually be forced to leave the market.

[slapper]

What great news for crypto lovers. This does mean that crypto has been considered for a long time by many politicians. I bet that soon we will see bitcoin and other coins be adopted in developed countries first. As you can see, Estonia is a great country with good facilities for blockchain technologies.

This year, we have seen many good signs that support digital money. Germany has also put some good laws for bitcoin which means it has been considered as an asset. This year is really a lucky one

[Sanitough]

We have to hear more of this kind of news, this is good for the crypto community, a leader could influence the other with a simple gift, and it will be written in the history as that transaction will remain in blockchain. I'm not so aware with how crypto is being regulated in these countries, but I have to say a leader of a nation making a bullish move on cryptocurrency.

This year, we have seen many good signs that support digital money. Germany has also put some good laws for bitcoin which means it has been considered as an asset. This year is really a lucky one

And more to expect as crypto keeps going and adoption is happening.

[The Sceptical Chymist]

I hope he installs any ledger wallets and becomes a fanatic!

Lol, that isn't likely to happen, although I do think it's an interesting choice of gift that was given here--makes me wonder if there's some kind of meaning behind it.

Then again, this also reminds me of Justin Sun's gift of Tron to Warren Buffett.  If I'm not mistaken, he donated it or otherwise got rid of it as fast as he could. 

It's not a cryptocurrency, it's a digital currency, there is a difference. They make use of the word crypto because it's swag in 2020.
But in reality, it's a state currency and not P2P without a central bank. You can buy it from the Bank of Lithuania and if I'm correct you can not store it, the B of L does it on your behalf.
It's a coin for numismatists I think.

Yeah, that would make more sense to give that as a gift than, say, bitcoin or ETH. 

So if it's a digital currency that you buy from the Bank of Lithuania and which they store on your behalf, what makes that different from Lithuania's fiat currency?  Now I'm curious as to what they're trying to do over there.

[justdimin]

I still think even if it is not crypto and just a digital currency that is a lot of great work putting into currency going a lot more digital and that is what we really need, even if it is close that is enough.

Plus, these are not really that much of a big nation, I am sure they are great on their own, but neither Lithuania nor Estonia really matter in the financial world all that much, not like they are USA, China, Germany, UK or whatever else, there are basically some awesome and huge countries in the financial world, when those do it to each other that would really matter a lot, that would really change the world and make it a huge news in the news channels as well, but right now, this would make it news maaaaaybe in their own nation and maybe not even there.