The Mission:Create A Crypto Based Economy

At the beginning of the of this year, a group of crypto investors decided that it was time to build a city that would be using crypto currency as its only form of payments for products and services.

One of the biggest investors is former child star Brock Pierce. Pierce and a group of investors had been looking for a location for over a year. Then unfortunately, hurricane Maria hit Puerto Rico. That tragedy created the opportunity they were looking for....Brock Pierce has been there since Dec. 2017. He had been visiting there checking things out since around 2013, with the idea of building a town that all financial transactions are done via crypto currency.

Puertopia A Crypto Based Economy

It seems that the idea of a Crypto based economy may actually happen. Several crypto pioneers have moved their operations there, or are in the process of doing so.

They decided to name this town/city "Puertopia". Before their idea of a Crypto based economy can actually happen, Puerto Rico needs help recovering. This actually is going to be a real chance for crypto currency to become a mainstream currency.

The post I am sharing below is about the coming together of a group of crypto investors that some say are dodging taxes is all they are doing. Give it a read and let me know what you think.

Making a Crypto Utopia in Puerto Rico

Dozens of entrepreneurs, made newly wealthy by virtual currencies, have moved to the island to avoid taxes on their fortunes — and to build a society that runs on blockchain.