At a time when the world is waking up to the delights of digital currency, a lot of people still remain unaware of the Ecuador’s dinero electrónico.
While Bitcoin, Ripple, Litecoin or Peercoin are becoming increasingly popular, it is Ecuador’s dinero electrónico that has taken this small nation by the storm. What is even more exciting is that unlike the other digital currencies, which boast of no central bank backing, dinero electrónico is a legal tender and has been the official currency of the state since the year 2000.
This currency is being used by its citizens easily to do daily jobs like buying gas or other daily essentials. Therefore, to say that it is now part and parcel of the lives of common folks is actually quite an apt description.
Such is the ease with this digital currency that today it trades alongside US dollar. The people are finding it quite convenient to use and anyone with a simple mobile phone can do transactions without having to even move. The process is simple; open an account with a simple cellphone and you are