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Excerpt from www.thegatewaypundit.com
President Donald Trump announced plans to embrace blockchain technology and eliminate hostility toward cryptocurrency in the U.S.
Cryptocurrency, or crypto, is a digital currency that uses encryption algorithms to allow people to make online payments to each other. Cryptocurrencies are decentralized, meaning they don’t have a central authority like a bank or government to regulate or issue them. Instead, they use a decentralized system to record transactions and create new units.
The announcement was made at a private dinner event at his Mar-a-Lago estate in Florida, where he hosted a gathering for buyers of his NFT trading cards.
For context, non-fungible tokens (NFTs) are unique cryptographic tokens that exist on a blockchain and cannot be replicated. They can represent digital or real-world items like artwork, real estate, music, or digital content. NFTs can also represent individuals’ identities and property rights.