THE HEMP COIN (€THC) is a new digital currency created for the Irish Hemp Industry.

HEMPCOIN is an initiative by the Irish Industrial Hemp Association (IIHA) and its members.

Hempcoin follows the Bitcoin philosophy set out in a whitepaper by the mysterious and pseudonymous Satoshi Nakamoto. The identity of the person or persons who created the technology is still a mystery. Hempcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government-issued currencies.

“The root problem with conventional currencies is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.”