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Native American Tribes Adopt Bitcoin-like Currency, MazaCoin

The Lakota Nation has taken notice of both the advantages and growing popularity that crypto-currencies offer. They have made “MazaCoin,” a cousin of Bitcoin, the official currency of the seven tribes that make up the Native American nation. Tribes using MazaCoin automatically make it easier to spend money at the local reservation general store than changing it into dollars to spend at Walmart, for example.

Currencies knit communities together, and having one’s own currency is empowering! The Lakota’s hope is that not only will the adoption of MazaCoin facilitate community growth, but also give the people a sense of national identity that they lack. It will open new, global avenues for goods and services, as well as independence of the American government and its funds.
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