Sentences with phrase «first national digital currency»
enezuela has offered India a 30 - percent discount on crude oil purchases, but only if India agrees to pay in El Petro, the cryptocurrency that Venezuela is touting as the first national digital currency backed by crude oil reserves.
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One more nation, South Africa, is making the first step of migration to a fully digital economy, speaking about offering their own national digital currency based on blockchain technology.
It doesn't help that Canada's Parliament approved the world's first national law on digital currencies more than two years ago, but it has yet to be enacted.
Mr. Jordaan, a former CEO of First National Bank (FNB) who now heads private investment company Montegray Capital said that digital currencies are likely to make central banks obsolete.
One more nation, South Africa, is making the first step of migration to a fully digital economy, speaking about offering their own national digital currency based on blockchain technology.