Success could transform these territories into cryptocurrency tax havens and safe spaces, and models for smaller economies of the future.
Payday won’t be the same next year for the soccer players of Gibraltar United, a team in the premier division of the sport’s league in the British overseas territory. Only a part of their salary will hit their bank accounts, and the rest will come to them in the form of cryptocurrencies. But the soccer team is no outlier there. Nor is Gibraltar unique — it’s among a growing set of tiny territories betting on cryptocurrencies as economic weapons of the future.