Brian Rose, a candidate for mayor in London, has proposed the development of a “LONDON token,” a new cryptocurrencycurrency for its citizens. The concept asks for the creation of a £1 billion liquidity pool, funded by a one-time 1% levy on London financial companies’ revenues.
According to Rose’s campaign team, the LONDON token would be widely accepted throughout London’s transportation network and could be used to pay council taxes, parking fees, and other expenses. Rose feels that this involvement is critical to promoting London’s adoption and growth in cryptocurrencycurrencies.
“The LONDON coin will offer Londoners a true connection to their money. They will be able to hold it, earn interest on it, store it, trade it, and stake it via decentralized finance protocols, all from their phones,” Rose explained.
He stressed the token’s ability to foster financial education among Londoners, imagining a future in which all nine million citizens, regardless of background, can comprehend money for the first time.
If elected, Rose intends to launch the LONDON token on key exchanges and create a comprehensive cryptocurrencycurrency education platform for Londoners. The project will teach children how to maintain digital wallets, invest in tokens, and participate in the blockchain economy, with the goal of increasing their understanding and use of digital assets.
