The Central Bank of Israel plans to issue a national digital currency: representatives of the bank
For this purpose, an experimental environment based on Ethereum technology was organized.This particular cryptocurrency was chosen because it became the first blockchain technology capable of storing fully functional computer programs, known as smart contracts, and allowing the creation of new cryptocurrencies.
Deputy Governor of the Central Bank Andrew Abeer said that with the creation of a national digital currency, the need for banks will not disappear: they will still remain an important part of the payment system.
Abir noted that the final decision on the issue of the digital shekel has not yet been made.
In addition, the Central Bank of Israel tested the possibility of issuing certificates for the right to own a vehicle in the format of non-fungible tokens (NFTs) and carried out an operation to transfer them.The transfer was instantaneous and without intermediaries.
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