Gibraltar stands at the forefront of this promising digital financial endeavor, earning high acclaim within the global distributed ledger technology and cryptocurrency communities. On January 1, 2018, Gibraltar became one of the first jurisdictions in the world to establish a friendly regulatory framework for businesses and individuals transferring value using blockchain or distributed ledger technology.
To commemorate Gibraltars historic entry into this field, a collectible crypto stamp was issued on May 21st as part of a set of four stamps, numbered from 1 to 50,000, featuring the Rock of Gibraltar with a face value of £2. Each block includes a QR code printed next to the stamp that, when scanned with a smartphone, generates 200 QRG coins per block in an Ethereum wallet (MyEther).
QRG aims to address trust issues between buyers and sellers by incentivizing proper behavior among all participants in transactions. It will also significantly reduce costs associated with global payment transfers while increasing transparency. The coin leverages the creation of a ledger that tracks the provenance and origin of valuable collectibles. These advantages transcend local, national, and even international politics in facilitating transactions. For enhanced efficiency, we capitalize on the inherent capabilities and strengths of QRGs blockchain-based technology.