Pesetacoin, One Step Closer to Becoming a Day to Day Currency for the Spanish Population


Pesetacoin has gained a lot of traction in the last year, and for the right reasons. The cryptocurrency gained popularity as it helps the Spanish population make use of an alternative currency which is not Bitcoin, which is known for its technical challenges. The Pesetacoin is designed keeping the needs and sentiments of Spaniards in mind, as they dream of having the good old Peseta – the currency of Spain before the introduction of Euro.

In addition, owing to its targeted approach, Pesetacoin community enjoys faster transaction times – which is at least 10 times better than that of Bitcoin. It means, the transactions get confirmed in a minute or so, in comparison with Bitcoin’s ten minutes.

As the team behind Pesetacoin works on further strengthening the cryptocurrency, both in terms of technology and adoption, they have introduced Electrum Pesetacoin. Electrum Pesetacoin is a secure and simple wallet that enables users to overcome the challenges of waiting for hours before the synchronization of their operation with Pesetacoin. This platform makes use of a random 128-bit seed to produce the private keys. There is nothing like losing your Pesetacoin in the event of a hardware failure.

Peseta supports online games

On the 4 August 2017, PesetacoinJS was released to the public, one of its latest release the Pesetacoin Games is a game based on Pesetacoin blockchain. It is a platform where game lovers can play using their Pesetacoin and win amazing prizes. The games available include Pernales, the Camel riders, and Greater Than.

Apart from online games, the Pesetacoin team is also working on expanding the cryptocurrency’s usage by encouraging merchants to adopt it as an additional payment option. In the near future, they expect the cryptocurrency to be widely used for day-to-day transactions across the region. The platform recently launched the Merchant Map on December 15, 2017 and successfully onboarded more than 20 merchants in under 15 days.  The Merchant Map will enable community members to find the outlets that accept Pesetacoin and use it just the way they used to spend Peseta in the recent past.

Peseta has its own wallet

Having its own easy to use wallets is one of the prerequisites of user-friendliness and also a sign of community focused approach to development on the development team’s part. The Pesetacoin project changed hands early this year, as a new team took over and soon followed with the release of Core v.0.9.0. Alongside Electrum, Pesetacoin also has a WebWallet, which was introduced on September 1, 2017.

The cryptocurrency is also listed on six different exchanges – Bittrex, LiteBit, NovaExchange, SouthExchange, TradeSatoshi and Cryptopia. Pesetacoin is traded on the exchange since November 2014.

Cryptocurrency traders can easily trade Pesetacoin on Bittrex platform and make a lot of gains by doing so. Soon, the platform looks forward to inclusion on other top exchanges, further extending its global reach in the process.

With the year coming to an end Pesetacoin has planned a lot of things for the years ahead. To give an overview of what’s in store for the future, they are launching their 2018-2020 roadmap.

The team has also been organizing various community engagement programs, and one of them includes the designing contest, where people were encouraged to submit designed for Pesetacoin themed t-shirts and wallpapers.

More information about Pesetacoin can be found at

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