Technology enthusiasts may recall that Google has been experimenting with a concept known as Project Loon. This initiative would effectively bring internet connectivity to rural regions of the world through the use of hot air balloons. It now appears this technology will be used in Puerto Rico as a way to restore cell phone services after […]
Recently, Puerto Rico was hit by a devastating hurricane. The natural disaster crippled the island’s infrastructure, and relief efforts have not been able to respond quickly enough. Even weeks on from the actual storm, many are still without potable water, homes, and electricity. Entrepreneur and visionary Elon Musk recently floated the idea of helping the […]
Puerto Rico has defaulted on $800 million of its general obligation bond debt, with no plans on paying it back. Smart investors go with Bitcoin instead. ]]>
Saying things are financially unstable in Puerto Rico would be quite the understatement right now. The country’s Governor announced how Puerto Rico will be defaulting on Monday, causing even more stress on a very fragile global economy. The Puerto Rico Default and Bitcoin A lot of countries around the world are struggling to repay their […]
To combat the Zika virus, Puerto Rico instituted a price freeze to keep condom prices from exploding. Meanwhile, its economy needs stimulation. Bitcoin can help provide that growth.]]>
Puerto Rico, a commonwealth estimated to have roughly US$72 billion in debts, announced this week that the accumulated debt simply cannot be paid.