The Venezuelan Petro appears to be a total fraud even if it isn't banned by the US Treasury. But two new challengers appear for the title of the first successful official national cryptocurrency.
The Republic of the Marshall Islands is preparing to issue the Sovereign (SOV). It is unknown what technology this will be based on, whether on Ethereum or something else. This will be legal tender. The Marshall Islands currently uses the US dollar as its official currency and this would circulate alongside it.
Cambodia will soon release its new digital currency, to be called the Entapay. It is aiming at replacing Visa as a payment mechanism.
I don't intend to comment on every single one of these, since there are dozens every day, but I may comment on some of these going forward. I don't expect these two to be wildly successful, but I think that some country like India or Singapore will have successful cryptocurrencies, which other countries will then copy.
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