Digital currencies have found their way to peoples who do not have bank accounts, whether due to their geographical distance from cities or other reasons, as digital currencies allow all residents of the world to use them without the need to have a bank account or the intervention of a third party.

Recently, two indigenous tribes from the northern region of Brazil agreed to join forces to create a cryptocurrency to save their future and get a decent income after the lack of interest from the Brazilian government emerged.

According to Source The two tribes had intense competition between them in the past between the ancestors.

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Brazilian President Jair Bolsonaro is known for his insulting and sometimes racist comments against the country’s indigenous peoples, as he has repeatedly asserted that any interest in indigenous lands and culture is a waste of resources.

Jair Bolsonaro had hostile statements against traditional tribes, earlier telling the Brazilian newspaper Correio Brasiliense:

It is very unfortunate that the Brazilian cavalry was not as efficient as the American cavalry, which wiped out all the Indians

During his administration and presidency, he has actively worked to reduce the legal benefits to indigenous peoples.

What the government of Brazil is trying to distract, the digital currency unites:

It is not surprising that ancestral rival tribes unite to face a common enemy.

But it is really surprising that cryptocurrency is the unifying factor of this partnership.

As the encrypted digital currency represents the latest technology, while the Brazilian tribes represent the old traditions and the meaning of the meeting of modernity with authenticity.

The cryptocurrency created by the tribes is a digital currency called “OYX”.

The digital currency was created by entrepreneur Elias Oyxpaten Suroy and it is planned to issue 100 million OYX coins with an initial selling price of 10 Brazilian Reals (just under $2) each.

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The proceeds will allow the tribes to obtain the tools they need to live.

The benefits will accrue to the “Soroy Paiter” and “Sentas Largas” tribes, and these tribes are spread in the states of “Rondonia” and “Mato Grosso”.

Cryptocurrency is technically and politically good:

One of the ideas behind issuing a digital currency is to make donation easier to audit and prevent corrupt practices.

Donors can be confident that their money will achieve the goal they are looking for.

In addition, people can know exactly how much they received and what the money was spent on.

The digital currency “OYX” white paper contains an element of political protest. The white paper refers to confronting a government that refuses to support its people, organizing themselves to create their own independent economy, and as excerpted from the white paper:

Without the government’s help to cope with the COVID-19 epidemic and the illegal landlords in the area, “Soroy Paiter” and “Sentas Largas” form a group of about 4,000 people struggling for a stable income and minimal living conditions.

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The federal government has left us alone during the coronavirus pandemic.

Blockchain is our weapon today, and OYX is the means to wage and win this war without bloodshed.

The people of Cinta Larga and Surui will not accept the policies of this government.

The cryptocurrency was launched during a “Blockchain Connect” event in Brazil.

Brazil is already considering launching its own digital currency, expected sometime in 2021.

The new PIX payment system is now direct and promises instant, near-free, 24/7 interbank transactions.

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