US Rep. Warren Davidson has stated in an interview according to the latest blockchain news, that the blockchain technology could be used to fund the border wall which is an ongoing topic in the USA.
President Donald Trump made clear that there could be a government shutdown if the Congress doesn’t provide for the funding of the national security project on which he based his entire presidential campaign.
Davidson along with other Republicans is trying to find alternative ways to fund the wall if the federal funding proves to be less than enough. Other ways to fund the wall are crowdfunding and contributions from the citizens. He is also one of the strongest supporters of crypto in Congress.
This can be considered as an invitation to all of the wall supporters to put their money into crypto as a donation by saying:
“You could do with this sort of, like, a crowdfunding site. Or you could even do blockchain, and you could have wall coins. But you could raise the money. And frankly, if we get it right at the Treasury, you could even accept Mexican pesos.”
However, Davidson isn’t considering at this time to build a crypto token for funding the wall. This is a warning to all of the citizens who can potentially be scammed into buying a wall coin so make sure to understand that there is no official announcement from Davidson of launching such a coin.
The blockchain can be used in many ways. For example, smart contracts could be developed for funds to be released as an equivalent of Treasury bonds by issuing them on the blockchain and many other ways as well.
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