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Kazakhstan President Proposes a Global Cryptocurrency Known as G-Global

Nursultan Nazarbayev, the president of Kazakhstan, has come up with a rather interesting way of addressing this problem once and for all. His idea is both simple and elegant, at least on paper. Creating a new international digital currency to achieve a more streamlined method of sending and receiving money internationally makes a lot of sense. Achieving that goal, however, may prove to be a lot more difficult than most people would assume. After all, there is currently no convenient way to do so without paying exuberant fees.

Kazakhstan has come up with G-Global, a new “cryptocurrency” designed to transform the global financial architecture. It will serve as a settlement and payment unit, which should reduce speculation, currency wars, and market volatility. Do keep in mind this will not be a regular cryptocurrency like Bitcoin or Ethereum, but that doesn’t mean it can’t serve a purpose. The country proposes to use a transparent and simple emission mechanism which is subject to the desires of its consumers, which is a rather intriguing way of phrasing things.

https://themerkle.com/kazakhstan-president-proposes-a-global-cryptocurrency-known-as-g-global/