Even though a fair few countries are looking to introduce their own virtual currencies at some point, several cities are taking a similar approach. In the United Kingdom, the city of Hull is now experimenting with HullCoin. The project has the backing of the local city council and the country’s NHS. Additionally, 140 retailers are willing to accept this form of money. HullCoin is a Surprising Currency A lot of people were taken by surprise when the city of Hull announced its new virtual currency out of the blue. Even though HullCoin is not designed to compete with the Pound
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