Driving one kilometer at a standard pace within the metropolis is the equal of 1 KiriCoin, which is presently value two European cents. Whereas driving, the calculations and conversion of kilometers to KiriCoins are instant and authorized by means of blockchain expertise. Moreover concrete rewards out there on the digital market, the five hundred drivers who obtain the best eco:Rating, which measures the effectivity of driving from 0 to 100, could have entry to further provides from Stellantis, together with for Amazon, Apple, Netflix, and Spotify. The aim is to advertise extra sustainable and power environment friendly driving.
Governments plugged into the fiat-based, global financial system are unlikely to reap any of the uncensorable benefits bitcoin provides. And while bitcoin is a comparatively cheap way to move large amounts of capital, Angel thinks governments have gotten hip to the “technological revolution” and will have their own stablecoin-like central bank digital currencies (CBDCs) online soon.
But what of the digital gold narrative? Of course no government would hold bitcoin to transact with – no, people do that!