Category: Cryptocurrency

An attractive alternative investment or no better than a Ponzi scheme? Cryptocurrencies are controversial – challenging conventional financial wisdom and worrying regulatory authorities around the world. But few recent launches of virtual currencies have provoked as much debate as the maricoin, which its founders billed as the world’s first LGBTQ+ cryptocurrency and rolled out for a pilot test in Madrid on Dec. 31. Even its name, a play on words drawn from a homophobic insult in Spanish, has proved controversial. With the maricoin set to start trading on major exchanges…

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It might sound like a marketing gimmick, but the founders of the first LGBTQ+ cryptocurrency said they want to harness the community’s economic power with the aim of “changing the world”. The maricoin, a play on words taken from a homophobic slur in Spanish, was launched on Friday in a week-long pilot test involving 10 businesses in Chueca, known as the LGBTQ+ neighbourhood of Spain’s capital, Madrid. Maricoin’s backers are aiming for the virtual currency to start trading early next year, paving the way for it to be used as…

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