Brian Kelly Makes Seed Investment in Greek Island Digital Currency Project

Brian Kelly, the Wall Street veteran and “The Bitcoin Big Bang” author, is formally investing in the development of a digital currency system for the Greek island of Agistri.

His firm, Brian Kelly Capital, will invest seed funds in a new entity that will combine his Nautiluscoin cryptocurrency with the Nxt protocol-based Drachmae Project.

The island situated almost an hour from Athens will have a mobile banking system, a B2B ecommerce platform, and a travel-booking site, all driven by Nautiluscoin. The ecosystem will be launched on 26 September and aims to work alongside existing financial systems to bring investment and business to Agistri.

According to Kelly:

Businesses on the island of Agistri will be able to generate new revenue via the blockchain-based ecosystem. Businesses will be able to save money via the B2B platform by connecting directly with suppliers, while at the same time offering discounts to travelers via the travel platform and avoid problems related to Greece’s traditional financial infrastructure. This proof of concept will illustrate how digital currencies and blockchain technology can benefit a community and potentially the country as a whole.

The September 26th, 2015 launch of Drachmae will include a community event where a Nautiluscoin airdrop will formally take place. Each citizen that attends will be given €100 worth of Nautiluscoin to spend at the event and at local businesses.
That week, the digital currency ecosystem will be tested during the Athena TV Model contest by contestants, crew members and journalists. The aim is to both showcase how digital currencies can be used for day to day transactions and bring outside investment to the island of Agistri.
Commenting on the investment, Kelly said:
With this technology we can deploy a fully functioning economic ecosystem which includes a banking system, a commerce platform and a currency. We are excited to play a part of this revolution and showcase the practical benefits of digital technology to people’s everyday lives and businesses.
Digital currencies have been proven at providing a means to remove capital from an economy, few have shown that adoption and use can drive economic growth – the Nautiluscoin project aims to prove this can be done.

 

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