The Texas state-issued digital currency is projected to encourage skeptical investors to eventually try out Bitcoin one day.
A Texas lawmaker believes the state’s proposed gold-backed digital currency could play a key role in boosting cryptocurrency adoption.
Cody Harris, a Republican Party member of the Texas State House of Representatives, addressed the development of a gold-backed token in Texas at the North American Blockchain Summit on Nov. 21.
In a fireside chat with Coinbase’s David Duong, Harris argued that a state-issued gold-backed token could serve as a gateway for Texans to explore digital assets like Bitcoin (BTC).
