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Bank of Israel Testing Ethereum Tech in Digital Shekel Trial

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Artist's representation of a digital shekel.

The Bank of Israel is trying out Ethereums technology in a recently launched internal digital shekel trial, a spokesperson said.

Credit: The Cryptonimist

The Bank of Israel is testing Ethereum's blockchain technology as part of a new internal digital shekel trial.

Israel's central bank indicated in a May report that the digital payment system could simplify payment processes while securing both parties in a transaction.

The Bank of Israel is seeking smart application ideas that could run on the digital infrastructure.

From Bloomberg
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