The world`s first decentralized National Digital Currency is now being discussed on every platform as the Marshall Islands will soon circulate physical banknotes representing them as such. These will soon take place, according to sources, under agreement with Tangem, a Swiss firm that makes blockchain-enabled smart card wallets for cryptocurrencies.
Once this digital currency is issued, which will be called Sovereign (SOV), it will join the US dollar in this island chain that is associated with the United States. With a population of 53,000, this sovereign state will be a great testing ground in the Pacific Ocean for the future of two currencies existing side-by-side and more importantly a new world of blockchain legitimacy. The new currency will be experimented with before mass adoption in larger islands or population centers.
Here at Classiarius, we think that the future is bright for the Republic of Marshall Islands as it could be s study case for other and more robust platforms in the future, who of course are considering projects like this one.