Tunisia to Launch E-Dinar National Currency Using Blockchain
Adrian Zmudzinski's original article for cointelegraph.com reduced by 54%
Tunisia has become the first country to start moving its national currency to a blockchain platform. Russian ICO startup Universa will help issue and manage Tunisia's Central Bank Digital Currency, reported Russian news agency Tass on Nov. 7.E-dinar expected to be more transparent, cheaper to issue.
The Central Bank of Tunisia announced that the digitization of the Tunisian dinar has started and that the paper-backed CBDC will be issued on the Universa Blockchain. Digital currency will change how private banks work. Borodich expects digital currency to change how private banks operate.
All the physical money will stay at the central bank, while commercial banks will only provide services and compete over the quality of the services offered. As Cointelegraph reported earlier this week, the European Union is also considering issuing its own digital currency as well.
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