<p>This could be accomplished with "colored coins", the idea being that you are transferred a coin that is tagged in some way, and the tag is exchangeable for something else. This can work with many types of contracts, including property ownership, currency futures, etc.</p>

CC BY-SA 3.0
2014-04-22T01:50:28.160Z
2014-04-22T01:50:28.160Z
hedgedandlevered
<p>I've heard a few prominent bitcoiners (Andreeseen, ppl from BitPay) say that currencies such as US Dollars can be "issued" over the bitcoin network. I'm not exactly sure how this is possible, and I don't think this has to do with the exchange rate necessarily. Can someone explain?</p>

<economic-theory>
How can other currencies be "issued" via Bitcoin?
crazyhorse
# How can other currencies be "issued" via Bitcoin?

(Asked by: username_0 on 2014-04-22)

I've heard a few prominent bitcoiners (Andreeseen, ppl from BitPay) say that currencies such as US Dollars can be "issued" over the bitcoin network. I'm not exactly sure how this is possible, and I don't think this has to do with the exchange rate necessarily. Can someone explain?

**Tags:** economic-theory


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## 1 answers

### Answer by username_1 on 2014-04-22. Score: 0

This could be accomplished with "colored coins", the idea being that you are transferred a coin that is tagged in some way, and the tag is exchangeable for something else. This can work with many types of contracts, including property ownership, currency futures, etc.


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