Just 19 days before the presidential elections in Ecuador, the candidates offer the country their government plans, and among them, cryptocurrencies stand out as a management proposal to strengthen the financial system of the Latin American country.

Giovanny Andrade, one of the candidates running for the presidency, has announced that his management plan is aimed at strengthening the Ecuadorian economy, and the best solution for this is to implement cryptocurrencies as an alternative to facilitate transactions in his country of origin.

In an interview with the local media, Primicias, Andrade indicated that a national cryptocurrency will allow “to support dollarization”, ensuring that the creation of an Ecuadorian digital asset will be the spearhead in the development of “all the country’s internal benefits”, including “Internal transactions of Ecuador”.

A crypto backed in gold

The current president of the Ecuadorian-Chilean Mining Chamber also indicated that the project will be backed by a gold refinery. “By refining the gold it would stay here in Ecuador and we would create the Federal Gold Reserve”. This reserve would support both dollarization and the new cryptocurrency.

Despite the fact that Ecuador has not been considered a strong player in the field of cryptocurrencies, the interest of citizens has grown in this area. Likewise, the banking and industrial sectors have shown the same interest in the adoption of the blockchain platform.

K.Villarroel

Source: diariobitcoin

La entrada Ecuadorian candidate proposes cryptocurrencies in his government plan apareció primero en Bitfinance.