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Israel's Digital Shekel Architecture Separates the Role of Banks from Providing Wallets and Payment Services

Israel's Digital Shekel Architecture Separates the Role of Banks from Providing Wallets and Payment Services

2024/03/11 18:58

The Central Bank of Israel has released a paper on the digital shekel architecture of its planned Central Bank Digital Currency (CBDC), which differs from other CBDCs in several ways. One of them is the ability to pay interest, and another simply separates the role of the bank from providing wallets and payment services.

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