Bitcoin Press Release: With Greece’s Prime Minister Alexis Tsipras suggesting the Greek government could issue their own digital currency – is this a viable solution? Alan Yong of DNotes explores how an established, ethical digital currency may be the most sustainable long term solution for Greece, and why digital currency enables anyone to access their money whenever they need it.
“This is a very sad and tragic situation. The rich may end up losing a vacation home in a foreign country but many of the less fortunate are at risk of losing their entire life savings, while being too old to rebuild their nest egg. It is even more depressing when no viable political solutions exist to give Greece’s citizens any hope of rebuilding their financial future” – Alan Yong, tech Entrepreneur and Co-Founder of DNotes.
Greece’s difficulty to live within its fiscal means has resulted in tough austerity measures in exchange for bailout money from the European Central Bank, causing Greek citizens great hardship. According to the former senior executive of PIMCO, El Erian
“Greeks have seen their living standards cut, unemployment is running at 26 percent, youth unemployment is over 50 percent and they’re about to face