The Mission:Create A Crypto Based Economy
At the beginning of the of this year, a group of crypto investors decided that it was time to build a city that would be using crypto currency as its only form of payments for products and services.
One of the biggest investors is former child star Brock Pierce. Pierce and a group of investors had been looking for a location for over a year. Then unfortunately, hurricane Maria hit Puerto Rico. That tragedy created the opportunity they were looking for….Brock Pierce has been there since Dec. 2017. He had been visiting there checking things out since around 2013, with the idea of building a town that all financial transactions are done via crypto currency.
Puertopia A Crypto Based Economy
It seems that the idea of a Crypto based economy may actually happen. Several crypto pioneers have moved their operations there, or are in the process of doing so.
They decided to name this town/city “Puertopia”. Before their idea of a Crypto based economy can actually happen, Puerto Rico needs help recovering. This actually is going to be a real chance for crypto currency to become a mainstream currency.
The post I am sharing below is about the coming together of a group of crypto investors that some say are dodging taxes is all they are doing. Give it a read and let me know what you think.
Making a Crypto Utopia in Puerto Rico
Dozens of entrepreneurs, made newly wealthy by virtual currencies, have moved to the island to avoid taxes on their fortunes — and to build a society that runs on blockchain.
Hey P.S. :
I did a little more research and found this this video on YouTube By CNBC that was done in June. It’s 40 minutes + , So I gave You a link to get a bit of an update to the progress being made : PUERTOPIA: Crypto movement to Puerto Rico
Check It Out, I think you will see that it may actually be helpful to Puerto Rico’s overall recovery to create a Crypto based economy. Such a system takes control out of government hands and puts it in the peoples hands. With the tax laws we have, the way Puerto Rico’s Government decides the countries financial decisions……I think this may Really happen. At the very least the Crypto community is coming together to help for sure.