Bank of Israel’s #DigitalShekel Challenge sparks innovation in #CBDCs, bridging traditional finance with emerging Web3 tech and fostering economic growth. #DigitalShekel #CBDC #Innovation.
Popular #crypto analyst Lord Vendetta tweets about XRP’s geopolitical role in the growing Palestine-Israel conflict. #Ripple #XRP #Cryptocurrency #Palestine #Israel
🌍 Israel’s web3 community & Fireblocks lead the charge with “Crypto Aid Israel”, a groundbreaking fund to aid citizens in need through cryptocurrency. A transformative step towards crypto-powered humanitarianism! 🇮🇱💙 #CryptoAidIsrael #Web3ForGood.
Israel has already started testing its own CBDC. The country has chosen to use Ethereum blockchain for its smart contract function. The Bank of Israel also revealed that they began researching about CBDC since 2017. The Bank of Israel recently announced that it has begun to trial its own central bank digital currency (CBDC). Interestingly, it will be using the Ethereum blockchain, possibly due to its smart contract functionality. In fact, Israel is calling for smart contract proposals which could be implemented alongside its CBDC smart contract. Earlier, the bank asked experts regarding their thoughts on the creation of a
