Israel has joined the growing list of countries whose central banks are holding high-level discussions about whether to issue state-backed cryptocurrencies built using some of the technologies that underpin bitcoin. Tentatively named the digital shekel, the project could enter formal development as soon as 2019.
Although many people remain skeptical that a decentralized cryptocurrency like bitcoin will ever prove to be a stable currency, few deny that its underlying technologies — the most prominent of which is the blockchain — have the potential to revolutionize mainstream finance.
Source: http://strategiccoin.com/digital-shekel-israel-becomes-latest-nation-mull-state-backed-cryptocurrency/
Although many people remain skeptical that a decentralized cryptocurrency like bitcoin will ever prove to be a stable currency, few deny that its underlying technologies — the most prominent of which is the blockchain — have the potential to revolutionize mainstream finance.
Source: http://strategiccoin.com/digital-shekel-israel-becomes-latest-nation-mull-state-backed-cryptocurrency/
