Syria's working on its own digital currency project! - Page 6 - Crypto World - CryptoTalk.Org Jump to content
MuhammadSh

Syria's working on its own digital currency project!

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This is just a reputation and no work has been done on that. Creating a cryptocurrency is not an easy thing and it needs many aspects to study it before launching it, and also when a country wants to issue a cryptocurrency, it must explain this thing to its people.

Do you think you could easily explain the term Bitcoin and cryptocurrency to more than 15 million person?

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Syria is the first Arab country in the world to introduce its own digital currency. This is good news for the people in Syria who uses Cryptocurrency. This may improve their economy in the short term. But I don't think it will have a lasting effect.

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Nowadays, the trend of Digital currencies is getting very stuck. As Syria would get succeed if they launched their own project on digital currency. As time passes, you guys are also starting working on this digital currency because they want to get a very clear advantage by working here. And as Syria and so on there will be many Arab countries that want to work on digital currencies.

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Cryptocurrencies can advantage creating nations and third world nations in getting freed of the dollar’s bind on them and the nations ’predicament on them, and it can offer assistance them a part in building their economy way better.

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There is a high probability that this project will succeed, but this depends on the systems that will depend and also on the acceptance of people to deal in the currency and also according to its price, and it must be constant and not fluctuate 

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My dear friend, it is a wonderful and distinctive step that I think will advance the state economy after the collapse it is exposed to due to the economic sanctions imposed on it, it will help the people to improve their resources and raise the value of their purchasing currency, but frankly I have not heard of this decision or the intention to do it by the government

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I have had the pleasure of reading several publications that in various parts of the world countries are creating cryptocurrencies backed by the money of said country, but is it really a good idea?
So far the people who are doing this kind of projects to improve the economic situation of a country are going well and have a lot of talent,

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Well, it will be successful because they don't have any choice rather than to develop there own cryptocurrecy, and I must commend there government for that initiative Because it's not easy to think about such technology in the middle of war, but it generally a good thing, that can reduce the economic problems they are facing.

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This is good sign for cryptocurrency lovers I think more countries involved in cryptocurrencies in future because cryptocurrency create very positive impact on their economy many peoples work in cryptocurrencies and they earn huge amount of money if government imposed tax and collector revenue 

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I have not read such news. It would be good if you provide us with the source from which you got this information, however I think that using cryptocurrencies is a good way to get rid of economic sanctions.

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I hope so because it will be a good tributary and supportive of the national economy,

but I have not heard about this digital currency for Syria. Perhaps it has not worked yet.

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Of course, my friend, it is a wonderful idea and step for the Syrian people to improve the movement of their economy and pump currencies into the country through this encryption and help members here to work and facilitate money transfers.

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excellent topic brother, I think that this project in Syria will be successful, and thus will help the economy of this country, I also think that the projects that other countries are carrying out, if they can have their own currencies will also be successful, the countries are believing in the involvement of this type of finances and so do we.

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Nowadays many countries are interested in new technology called blockchain. Most of them would like to be first in this sphere, because blockchain can help them to solve a lot of problems

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I have never heard of this thing before, but it is definitely a good step for Syria to improve its war-ravaged economy. I think that the developing country's cryptocurrency will be economical, especially when it starts to take off.

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This news is very good for the cartographic world, since the fact that countries bet on cryptocurrency is something of greater value, throughout the past year and this year I have seen news where many countries have taken out their own cryptocurrency, even  Giant companies have invested in cryptocurrencies.

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I do not think that the cryptocurrencies launched by governments will succeed because they lack decentralization and are also subject to government control, so they will not be able to grow well.


 

 

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This is very nice and it's will be a great news to tell syrians citizens, so if a country like the Syrian can develop this idea of creating there own cryptocurrency, then i hope other countries will emulate the same mentality, thanks.

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I have heard that Syria aspires to study a project to create a new digital currency called "Souriti", as the Central Bank is studying the introduction of digital currency in order to facilitate monetary transactions, reduce the costs of printing currency, and counter the effects of inflation.

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I'm Syrian, and due to the high value of BTC compared to the local currency, many Syrians headed to learn and work with Crypto currencies hoping to achieve something that supports their income and makes good profit for them.

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