“The mayor of the Greek island of Angistri has agreed to a trial of the digital currency Nautiluscoin as a way to attract tourists.  Brian Kelly, the founder of Nautiluscoin, published an article on CNBC on July 8 announcing the news that mayor Ioannis Athanasiou had given his support to the plan.  Angistri is a 13.3 square kilometer island near the Greek port of Piraeus, and a population of 1,142 inhabitants.  To explain the difference between Nautiluscoin and other digital currencies such as Bitcoin, Kelly described how a central ‘Nautiluscoin Stability Fund’ plans to keep the majority of the coins itself, only selling them when demand has risen.”

http://cointelegraph.com/news/114787/greek-island-to-trial-gold-backed-digital-currency-alternative-to-the-euro

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