An Interest In:
Web News this Week
- April 23, 2024
- April 22, 2024
- April 21, 2024
- April 20, 2024
- April 19, 2024
- April 18, 2024
- April 17, 2024
December 12, 2017 06:58 pm GMT
Original Link: http://feeds.mashable.com/~r/mashable/tech/~3/GSIA12Ot4WU/
North Korea, exiled from the global economy, turns to bitcoin
It's tough to maintain a healthy national economy when most banks on the planet won't accept your business.
That's the dilemma facing North Korean leader Kim Jong-un, as mounting economic sanctions cut his country out of the world economy. To stave off the looming financial crisis, Kim has turned to what may be the nation's best hope: Bitcoin.
The popular cryptocurrency is attractive because of its decentralized nature. Rather than relying on banks or individual governments, bitcoin (and other cryptocurrency) is built on a distributed network of users controlling verified transactions. It's "internet money," essentially, uncontrollable by any single actor. Read more...
More about Tech, Business, Cybersecurity, Bitcoin, and North KoreaOriginal Link: http://feeds.mashable.com/~r/mashable/tech/~3/GSIA12Ot4WU/
Share this article:
Tweet
View Full Article
Mashable
Mashable is the top source for news in social and digital media, technology and web culture.More About this Source Visit Mashable