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CryptoEscudo (CESC) is a cryptographic digital currency built on a blockchain designed for Portugal. It is a currency that anyone can create, manage, and use. The project was planned and launched by Portuguese citizens to revolutionize the way we think about money. The currency is created and used digitally on a decentralized and secure network based on cryptography and blockchain technology. Unlike traditional currencies, CryptoEscudo is not created or controlled by banks, governments, or corporations, making it transparent and accessible to everyone.
CryptoEscudo offers numerous advantages over traditional payment systems. It allows for savings and faster transactions with low or zero transaction fees. It is a digital payment method that anyone can use without the need for complicated procedures or age restrictions. To start using CryptoEscudo, all you need is the wallet application, which does not require registering or sharing personal information online. By embracing CryptoEscudo, users benefit from the convenience of digital payments and contribute to the solution of pressing national economic issues, such as economic growth and the national debt.
The goals of CryptoEscudo can be summarized into three main areas: dissemination, utilization, and valuation. The project aims to spread CryptoEscudo to all Portuguese citizens, increasing interest in the currency and its usage. It seeks to establish a national and international community of CryptoEscudo users, including individuals, businesses, and various institutions, who want to use it as an alternative or complementary payment method. Additionally, the project aspires to steadily raise the value of CryptoEscudo, aiming to reach a 1:1 parity with the Euro, enabling the full payment of Portugal’s national debt.
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