Israel

Israel to Trial CBDC on Ethereum Blockchain
Israel to Trial CBDC on Ethereum Blockchain

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