How Cryptocurrencies Can Help Jamaica Transition Into A Modern Financial System & Assist In It's Budding Marijuana Industry

in #money7 years ago (edited)

What a wonderful time to be alive.  Jamaica is no longer an island isolated and discouraged from participating in the global financial system.  Today, we actually have options thanks to cryptocurrencies.  It really is only a matter of time until world wide adoption of the technology will make traditional banking and money transfers as obsolete as postal mail and telegrams.  

The timing of this advance in finance couldn't have arrived at a better time.  With Prime Minister Andrew Hollness on a mission to modernize the island, one could presume Reggie Middleton of Veritaseum's June 30 presentation to regulators (Financial Services Commission and Bank of Jamaica) and Jamaica Stock Exchange clients is an indication we are much further ahead than I could have even realized.

Jamaica's quest to legalize marijuana and spawn a multi-billion $USD industry also receives a significant boost by no longer having to rely entirely on Wall Street or The City of London for finance and the facilitation of commerce.  They can "derisk" and we don't have to care.  Everyone wins from the grower to the end consumer.  The big loosers could potentially be America's Drug Enforcement Agency, since they actively circumvent/sabotage the export of Jamaica's ganja into other nations aside from its own.  As well as their Prison Industrial Complex which is widely known to be nothing more than a modern day slave plantation for corporations.  Housing many Jamaicans on marijuana charges and convictions.  A recent example being the detention of 37 year old Jawara MacIntosh in New Jersey's Bergen County Jail.  The son of the legend Peter Tosh.  Resulting in him being beaten into a coma February 21, 2017.  Below is his father's famous song, "Legalize it"

The future is here.  Be an active participant in its infinite possibilities. 


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