Ethereum to Digitalize National Currency

halo-commander (27)in #cryptocurrency • 7 years ago (edited)

Re: Ethereum - Russia Digital Currency

"the Bank of Russia has already developed and tested an Ethereum-based interbank blockchain prototype in 2016. Titled ‘MasterChain’, the blockchain prototype saw Russia’s largest banks participate in the financial messaging pilot, drawing speculation of a SWIFT-like financial messaging platform for Russia’s banks, operated by the central bank."

https://www.cryptocoinsnews.com/russia-national-digital-currency/

Russia Digital Currency.JPG

Re: Ethereum - China Digital Currency

I am going to quote the article from Cryptocoins News. This is huge!

"Even government-owned companies including the Royal Chinese Mint, the subordinate unit of China Banknote Printing and Minting, have started to utilize Ethereum to digitize the RMB. Keys explained that the Royal Chinese Mint is currently utilizing the ERC 20 token standard and Ethereum smart contracts to digitize the RMB."

https://www.cryptocoinsnews.com/china-waking-ethereum/

https://www.technologyreview.com/s/608088/chinas-central-bank-has-begun-cautiously-testing-a-digital-currency/

Steemit Is china waking up to Ethereum..JPG