Cryptocurrency Based Basic Income Program Started In Finland

Posted: January 10, 2015 at 2:47 pm

jovius writes: Krypto Fin ry, the association behind Fimkrypto cryptocurrency (FIMK), has started to provide each registered Finnish citizen a payment of 1000 FIMK per month in December. 1000 FIMK equals few dimes at the moment, and a bit over 100 people have registered so far. (The registration is free.)

FIMK is based on NXT 2nd generation crypto system; the add-ons and development making it into 2.5G. The roadmap includes payment cards and other technology to enable easier exchange between fiat currencies FIMK, Bitcoins and others. Krypto Fin ry received 533 BTC in initial donations last Summer. FIMK can be traded for example on DGEX, and it's also a valid payment method in few stores in Finland.

Originally posted here:
Cryptocurrency Based Basic Income Program Started In Finland

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