Gibraltar is at the forefront of this promising digital financial project, highly acclaimed within the global distributed ledger technology and cryptocurrency community. On January 1, 2018, Gibraltar became one of the first jurisdictions in the world to create a friendly regulatory structure for businesses and individuals using blockchain or distributed ledger technology to transfer value between parties.
To commemorate Gibraltar's historic foray into the field, a collectible crypto stamp has been issued on May 21 as a set of four stamps, numbered 1 to 50000, depicting the face value of the Rock of Gibraltar 2 lbs. Each block has a QR code printed next to the stamp, which when scanned with a mobile phone will generate 200 QRG coins per block in the Ethereum wallet (my ether).
QRG will solve the problem of trust between buyers and sellers by incentivizing the appropriate behavior of all participants in the transaction. It will also significantly reduce the costs associated with global payment transfers while increasing transparency. The coin will utilize the creation of a ledger that will track the lineage and provenance of valuable collectibles. These advantages transcend local, national, and even international politics when it comes to facilitating deals. In order to improve efficiency, we take advantage of QRG's innate capabilities and advantages based on blockchain technology.