Main navigation

Ethereum to Become Basis for Digital Shekel: Bloomberg

News
Wed, 06/23/2021 - 08:58
article image
Yuri Molchan
Bank of Israel intends to issue a digital shekel using Vitalik Buterin’s blockchain platform
Ethereum to Become Basis for Digital Shekel: Bloomberg
Cover image via stock.adobe.com
Read U.TODAY on
Google News

Bloomberg has reported that the Bank of Israel plans to use the second largest blockchain platform Ethereum for emitting a digital version of its currency shekel.

The course cited by the Israeli financial daily edition Globes. No comments from the bank have followed yet.

8246_0
Image via Twitter

Related
Bitcoin Recovers to $34,000, While Ethereum Is Back Above $2,000

Other major countries at the moment are busy developing digital versions of their currencies – China is working on DCEP, Japan, South Korea, France and EU have also made public their intentions to launch CBDCs (central bank digital currencies).

Earlier, the Deputy Governor of Bank of Israel has referred to Bitcoin as a “pyramid scam”.

@u.today

Bank of Israel intends to issue a digital shekel using ##Ethereum ##crypto ##cryptonews ##ETH ##Ether ##CBDC

♬ original sound - U.Today
article image
About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.