The Peseta is reborn (again) in the form of a cryptocurrency

The Peseta is reborn (again) in the form of a cryptocurrency - Untitled design 63After 134 years of circulation, the peseta gave way to the euro in 2002. The Spanish currency which was released in 1868 said its last goodbye just a few months ago when the Bank of Spain stopped accepting them for exchange. with the European currency. In fact, it disappeared later than expected, as the government extended the deadline for exchanging them for euros by six months due to the coronavirus pandemic. Less than a month later, La Peseta Digital was created, a cryptocurrency that aims to remind us of the coins we've been carrying in our pockets for so long.

The new token garnered a 120.000% revaluation in a week, from Friday to Friday, thanks to the fact that its price was collected by one of the world's leading crypto sites, coinmarketcap, a few hours after appearing on another of the pages of reference, Coingecko.

According to the promoters of the token, and with data from the portal, Peseta Digital had a market capitalization of $ 2,7 million at the beginning of August. This Friday it surpassed 115 million in that same portal, but at noon on Saturday it dropped to 50 million.

In any case, some Investors they've already gotten a juicy comeback. According to the same portal, a crypto wallet has already sold La Peseta Digital for a value of over $ 30.000 and another for over $ 27.000.

But where does this new cryptocurrency come from? 

The promoters yesterday announced the creation of a joint stock company, called Cripto Digital SL, located in the municipality of Inca, Mallorca. According to the register of companies, with a share capital of 63.800 euros, the object of the company created at the end of September is "the sale of bitcoin and in general of any type of virtual currency in exchange for commissions through internet platforms", as well as the "marketing of all types of IT products".

In this sense, this newspaper was able to trace its origin to a small computer shop in the municipality, Kuuzam, which already announced in November 2020 that it had accepted payments in cryptocurrencies. Shortly thereafter, in May, they offered to advise those interested in buying cryptocurrencies and in July they talked about their "most exciting and ambitious project". The CEO of La Peseta, Luis Miralles, is also the general manager of Kuuzam.

From the site they indicate that La Peseta is a decentralized finance (DeFi) project created in the Binance Smart Chain network to be used as a form of payment. They issued 47 billion cryptocurrencies "in honor of the 47 million Spaniards", of which only 78% are in circulation. To purchase them, you need to have a digital wallet on TrustWallet and funds on Binance, one of the leading cryptocurrency exchanges. Your sale can currently be made on Latoken, PancakeSwap, Dexguru and PooCoin.

The cryptoactive project is also a sponsor of the futsal club of its hometown, Ciutat D'Inca Futsal, which plays in the first regional division and to which Miralles himself is linked.