Sentences with phrase «national digital currency based»

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.

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.

Not exact matches

These services include, the «social currency» the Palma, circulating in the area (for years this was paper - based but now is also in digital form), but also credit in national currency (the Real) for producers and interest - free credit in Palmas for consumers.

It has also partnered with a Venezuelan - based digital currency exchange to help boost its use as an everyday currency — while Venezuela's national currency continues to lose value.

Perhaps the most interesting moment of the prestigious event transpired late in the afternoon when one attendee asked, «How core is solving identity to expanding digital currency or solving some of the frictions in our existing system, and how do you foresee an identity world that's based on a national or — in the US's case — subnational system working or integrating in a global financial system?»

Overstock has announced a strategic investment in Bitt.com, a Caribbean - based financial technology firm working to move island nations in that region to adopt digital national currencies.

Although technical specifications and details of the Russian central bank's national digital currency project remains undisclosed, in 2016, the Bank of Russia announced the development of an Ethereum - based interbank blockchain prototype called Masterchain.

This new currency aka «national digital currency» is expected to be based on blockchain technology.