- A stablecoin called MinsCoin was launched in the Polish city of Minsk Mazowiecki.
- Residents can use it to pay for groceries at local businesses.
- At the time of the announcement, 10 companies had agreed to accept MinsCoin.
A stablecoin called MinsCoin was launched in the Polish city of Minsk Mazowiecki. This is reported by Blockworks.
The statement said that the asset was created in partnership with the UrbanChange platform and is intended to pay for products.
“MinsCoin will offer people a new way to interact with local businesses and community projects. Digital currency can provide insight into how similar technologies can impact social interaction, economic participation and community solidarity,” the report said.
UrbanChange co-founder Michael Mazur told Blockworks that MinsCoin will initially be supported by 10 businesses. He added that subsequently even more organizations will accept the currency.
“We are building an innovative blockchain hub in Minsk Mazowiecki,” said city mayor Marcin Jakubowski.
We previously reported that Poland has become the leader in the number of crypto companies in the EU. There are 938 counterparties registered in the country. We also recall that in the second quarter of 2024, Poland will consider a bill on the regulation of cryptocurrencies.