Spanish City Lebrija Launches Local Virtual Currency ‘Elio’ as Form of Stimulus

Spanish Metropolis Lebrija Launches Native Virtual Currency ‘Elio’ as Accumulate of Stimulus

The city council of Lebrija has created a digital forex ‘Elio’ that can finest be mature for funds made to miniature and medium corporations, in step with a document by Diario de Sevilla.

  • Lebrija has created the digital forex to give a enhance to financial activity all the arrangement throughout the Covid-19 pandemic, in step with the document.
  • One Elio is an comparable to one euro and almost 600 families will receive between €20 ($24.50) and €200 ($244.96) which can finest be spent in local corporations utilizing an app.
  • The closing date to use the Elio used to be Dec. 31, but in step with the document this has been prolonged till March 31, 2021.

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