Northern Irish Capital, Belfast Introduces Bitcoin-Like Local Cryptocurrency

The city council of Belfast, Northern Ireland, has announced it is introducing a Bitcoin-like cryptocurrency for local goods and services. The technology is currently being trialled, during which the council hope to attract “an ecosystem of stakeholders.”

‘Belfast Coin’, developed with Israeli firm Colu, encourages residents to spend money in, and generally contribute to, the local economy. The council hopes to attract local businesses such as shops, restaurants, and services to participate by accepting the coin.

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