Rafael “Tatito” Hernández – Speaker of the Puerto Rico House of Representatives – said the growing blockchain industry could bring more accountability and transparency to the public sector. He also raised hopes that his nation could become one of the cryptocurrency centers on the planet.
Puerto Rico Aims to Become a Crypto Hub
Puerto Rico – a Caribbean island and an unincorporated territory of the USA – is one of the most corrupt nations around the globe. At the same time, a big chunk of locals live below the poverty line. Extortion there is common not only among the general population but also on the higher levels.
A few days back, the mayor of the municipality of Cataño pleaded guilty to accepting over $100,000 in bribes and luxury watches in exchange for millions in municipal contracts.
In a recent interview for Bloomberg, Rafael “Tatito” Hernández said he will begin meeting with experts from the blockchain sector and discuss creating “smart contracts.” Accord
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