The UK’s Sun newspaper is touting the ‘World’s first Bitcoin city’ today, where all cash is banned. Backers of the venture hope that Melaka Straits City in Malaysia will attract 3 million crypto-tourists per year.


Take Me Down To The Bitcoin City…

Visitors will be able to exchange their normal money for digital currency when they arrive.

proclaims The Sun. Or “just use the digital currency they already own,” you might suggest – but you’d be wrong.

Melaka isn’t so much a ‘Bitcoin City’, as a ‘Crypto City’, and a ‘One Horse Crypto City’ at that. The digital currency you will (be forced to) change your ‘normal money’ into, is the DMI coin. Through Android, iOS, and PC apps, tourists will use these to pay for public services with their phones and computers.

 

DMI is a company that provides mobile enterprise, business intelligence, and cybersecurity services. It collaborated on this project to develop the DMI platform and coin.

…where the Cash is Banned…

The Chinese government-backed…

Click to continue reading on its source location…

Source: https://thebitcoinnews.com/no-cash-for-sale-in-world-first-bitcoin-city/