Saturday, 24 March 2018

Michael Owen launching cryptocurrency in his own name

Former Liverpool, Manchester United and Real Madrid striker Michael Owen is launching a cryptocurrency in his own name in a new venture to connect with fans.

The retired England star announced yesterday his investment in the Singapore-based Global Crypto Offering Exchange (GCOX) as he unveiled the "Owen Coin".

The celebrity tokens will allow fans to buy merchandise such as personal training videos, make donations to charities and even interact with the ex-sportsman via live-streaming.


My 2 cents - Why governments all over the world condemned digital money?

1. Banks earn commission by being an agent for most money transactions. Digital money goes straight to the recipients, bypassing the agents and saves time and commission. All banks will not be needed for digital money as people will keep digital money with them, instead of in the banks. Banks are the golden geese of governments.

2. Anyone can launch their digital money (as above article). Governments will have no control on the amount of money in circulation. They also cannot tax their people or companies as there will be no transactions recorded.

3. People are moving into the digital world, whether you like it or not. Digital money will soon be a reality but governments are in denial. They should start preparing for it (digital money) instead of discouraging people from using it. When digital money starts to gather speed, the governments will be caught with their pants down!

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