What are Crypto Currencies?
Crypto currencies are digital and decentralized form of money. Popular or well known examples of crypto currencies include Bitcoin, Ethereum, Ripple, EOS, etc. Crypto currencies solve the honest broker problem and there is no need for a single trusted entity. Transactions are secure and based off of mathmatical proof of work or proof of stake.
Who Can Buy?
A pilot program will allow virtual asset service providers to do business in the state of Hawaii without obtaining a money transmitter license for a two-year period. This 2 year period started in the first half of 2020.
Improving Hawaii's Future
Cryptocurrency and digital currency opens many doors for financial technology or fintech in Hawaii. Fintech has huge potential and the ability to improve and stabilize Hawaii's economy especially after the hardships brought about by the corona virus or COVID19
