COTI Backs Israeli CBDC - Smart Move or Massive Mistake?!
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On May 28, 2024, the
On May 28, 2024, the Bank of Israel announced the “Digital Shekel Challenge” – an experiment inspired by “Project Rosalind” carried out by the BIS Innovation Hub. In the Digital Shekel Challenge, the Bank of Israel invited teams from the private sector, the public sector, and academia to study the potential development of uses of a digital shekel system. The Challenge sparked significant interest within the fintech and finance communities both in Israel and abroad.
Bank of Israel Press Release - www.boi.org.il/en/communication-and-publications/p…
COTI Press Release - medium.com/cotinetwork/coti-chosen-to-participate-…
US Fed Reserve CBDC Research - www.federalreserve.gov/publications/files/money-an…
US Fed Reserve - www.federalreserve.gov/cbdc-faqs.htm
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========== Video Content ==========
00:00 - Intro
02:13 - COTI x Bank of Israel
03:42 - CBDC Explained
04:43 - Types of CBDCs
05:46 - Central Bank of Israel
10:01 - COTI & CBDC Impacts
11:13 - COTI, DJED & Cardano
14:05 - Pros &
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