Street parties, afternoon teas, and gathering around the television are all wonderful ways to celebrate a royal wedding. But a new royal-themed digital currency is providing a unique method to get involved in the festivities.
Crown & Country Magazine has created the new ‘ROYL’ crypto-currency, designed to be a commemorative and collectable currency that will be listed on digital exchanges, to celebrate the wedding of Prince Harry and Meghan Markle in May.
A crypto currency has been created to mark the royal wedding, with half of profits going to Prince Harry’s charities. Picture by Stephen Lock / i-Images
ROYL is expected to attract interest from the online community, not only in the UK, but also from the Commonwealth and the wider world. And of course, royal fans – a very modern way to celebrate a traditional royal wedding.
A crypto-currency uses encryption to regulate the generation of units and to verify the transfer of funds, meaning a central bank is not necessary. Bitcoin and Etherim are perhaps the most well-known of these.
Pleasingly for a royal commemorative product, half of the funds raised by the ROYL crowd sale will be donated to the charities which are closest to Prince Harry’s heart: Sentebale, The Invictus Games and The Royal Foundation will all benefit from the fundraising.
Sentebale was founded in 2006 by Prince Harry and Prince Seeiso of Lesotho, and aims to tackle HIV in the mountainous kingdom; The Invictus Games were founded in 2014 and provide an opportunity for wounded, injured or sick armed services personnel, and veterans to show off their athletic skills. The Royal Foundation of The Duke and Duchess of Cambridge and Prince Harry was established in 2009, and focuses on mental health issues, the welfare of the Armed Forces, and promoting sustainable development. Meghan will be joining as joint patron after her wedding.
It is expected the couple will ask any well-wishes to donate to their charities instead of sending them gifts, much as The Duke and Duchess of Cambridge did for their union.
Thomas Mace-Archer-Mills, Chairman of the British Monarchist Society & Foundation, who are backing the coin said: “I wanted to create a new and modern way for the people of the world to feel a part of the Royal Wedding, whilst being able to provide an engaging outlet for interested parties to not only contribute to a decentralised wedding gift, but also appeal to their financial prowess in the creation of an investment mechanism.”
He described the currency as a ‘modern way’ to celebrate the Crown: “It is important that we look at and further devise new andmodern ways for the general public to feel close to the Monarchy, what it represents and the celebratory events it carries out.”
After the wedding, it is hoped the token will become a long running crypto-currency, being listed on exchanges from 1st June. For more information, visit www.royalwedding.io.
