CATALONIA is working with fintech experts in Estonia to create a new digital currency for the region, it has been reported, even as Spain attempts to bring the would-be republic under state rule.
The news comes amid growing fears that Madrid will struggle to impose control over the breakaway region, with experts predicting more of the violence and civil unrest seen during the October 1 referendum.
Now hard-line seperatists are said to be working on a new blockchain currency similar to the “Plan B” initiative cooked up by Syriza in the midst of the Greek financial crisis, The Telegraph reported.
Bareclona crytographers are reportedly taking advice from cryptocurrency expert Vitalik Buterin, founder of blockchain platform Etherium, and programmers in digital-savvy Estonia.
The idea is to create a currency free of control from both Spain and the European Central Bank.