President Trump Vows to End Hostility Toward Crypto, Embrace Blockchain Technology in the US (VIDEO)
Credit: collecttrumpcards.com
President Donald Trump announced plans to embrace blockchain technology and eliminate hostility toward cryptocurrency in the U.S.
Cryptocurrency, or crypto, is a digital currency that uses encryption algorithms to allow people to make online payments to each other. Cryptocurrencies are decentralized, meaning they don’t have a central authority like a bank or government to regulate or issue them. Instead, they use a decentralized system to record transactions and create new units.
The announcement was made at a private dinner event at his Mar-a-Lago estate in Florida, where he hosted a gathering for buyers of his NFT trading cards.
For context, non-fungible tokens (NFTs) are unique cryptographic tokens that exist on a blockchain and cannot be replicated.
