Kanye-inspired currency, Coinye West, will debut later this month

Currency will provide a Bitcoin alternative aimed at those who aren't "technically inclined."
By Evan Bleier Follow @itishowitis Contact the Author   |   Jan. 3, 2014 at 9:55 AM

Bitcoin alternatives like Ripple, Litecoin and Colored Coins will have to welcome a new currency to the marketplace later this month -- Kanye-inspired Coinye West.

Coinye West, which is named after rapper/producer/Kardashian-enthusiast Kanye West, will be released on Jan. 11 with the goal of making a digital currency more accessible to people who are not naturally technically inclined.

“We chose Kanye because of his trendsetting abilities and his originality,” Coinye’s developers said via email.

Although West was informed about Coinye on Twitter, he was not involved in developing the currency. Due to the “collaborative and decentralized” nature of Coinye, the developers have yet to identify themselves.

According to the developers, Coinye West’s system -- named “Gold Digger” after the popular song -- will allow users to acquire coins from their home computers. “We want to bring cryptocurrency to the masses so that anybody can get into mining with a couple of clicks," the developers said.

[PC World]

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