Creating a new financial system starting with beer, cigarettes and crypto tokens

Creating a new financial system starting with beer, cigarettes and crypto tokens

Vinny Lingham has big ambitions. Through his startup Civic, which released its CVC crypto token in the summer of 2017, Lingham is building a self-sovereign identity platform. And while the technology is currently being used mainly in so-called automated retail (aka vending machines) for the purchase of two restricted goods-alcohol and cigarettes-he believes this type of tokenization could eventually lead to a more open financial system.