Digital Euro as a help against Corona?

In German politics, there are finally ideas, in order to use the Blockchain as a tool for the expenditure of state funds. Mainly because of the transparency.

Germany discovered the Blockchain for crisis payments

The German government is known to those opponents who want to advance Facebook’s Libra prefers a bar. The concern is that the Stablecoin to influential is big. Thus, Germany is ambitiously similar to the Blockchain strategy is like China with the Digital-Yuan. However, in this Country, the Federal government seems to prepare itself to send the idea of a digital Euro into the race. The “Euro-Token” could Stand today as an Alternative to the bitcoin game is to be brought to effects of the Corona-crisis. The show, at least from the latest reports of the trade sheet. The Background of the current project vouchers on a digital Basis via the Blockchain to spend, how it comes about, Bitcoin or Litecoin is used seems to be.

Not only the CSU politician wants to use the Blockchain

The model of lending in digital form could be an Alternative to lending on the former state development Bank KfW. It is possible that in this way, as it were, unbureaucratically and rapidly further loans will be awarded. The German digital Minister Dorothee Baer of CSU is one of the Proponents of the approach to the Coronavirus declare war. She is one of the leaders of the “Hackathon” but in a good political society. A number of other politicians hold a similar Position. After all, German politics is increasingly aware that the Blockchain met outside of the digital currencies such as Ethereum, or Bitcoin your purpose.

Businesses and consumers could benefit

The current approach aims Federal subsidies to consumers and firms by the Euro-tokens to distribute. Minister of state bear shared media with the Blockchain mountains, especially the advantage to identify recipients of payments by the awarding of an oath. Non-bureaucratic and transparent distribution of the resources of the state, could succeed, in the opinion of the Christian-social politician. The award of Blockchain-identities in the whole of Germany could help companies in various industries financially without a long lead.

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