Published on July 27th, 2015 | by bitcoin0
Unused Characteristics Evolve About Greek Idea for Equal Payment System and Varoufakis’ Quitting
Earlier in July, Bitcoin Magazine reported that former Greek finance minister Yanis Varoufakis, who resigned after the Greek referendum on July 5, expressed his disappointment with the outcome of the Greek crisis.
Before becoming Finance Minister, Varoufakis proposed a parallel IOU-based currency, dubbed Future Tax Coin (FT-Coin), similar to a cryptocurrency in some aspects.
Kathimerini obtained a transcript of the call, which took place on July 16, a week after Varoufakis’ resignation.
The planned parallel payment system would launch if banks were forced to close and would allow payments to be made between third parties and the state.
The plan required hacking into the system to get the taxpayer registration numbers.