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digital shekel

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Digital Shekel Challenge: Bank of Israel Engages 14 Teams for Digital Currency Innovation

Leave a Comment / bank of israel, Bitcoin, Crypto, Crypto Hacked, Cryptocurrency, Digital Currency, digital shekel, Ethereum, Featured, Financial Technology, innovation challenge, Project Rosalind / / / , , , , , , , ,

The Bank of Israel has initiated the “Digital Shekel Challenge” to explore the potential of a central bank digital currency (CBDC) system inspired by the BIS Innovation Hub’s “Project Rosalind.” Fourteen teams from various sectors have been selected to propose innovative use cases. The challenge aims to integrate digital shekel with other payment systems and […]

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Israel’s Digital Shekel Plans Hinge on ECB’s Digital Currency Move

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The Bank of Israel (BOI) is exploring a central bank digital currency (CBDC), a digital shekel, to modernize Israel’s payment system and drive innovation. However, BOI Deputy Governor Andrew Abir stated that the BOI is waiting for a major central bank, likely the European Central Bank (ECB), to introduce a digital currency before proceeding. This

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