Palestine and Israel may be no closer to peace, but the two states have at least one thing in common: they are both looking into digital currencies.
Bloomberg reported on Thursday that the Palestinian Monetary Authority has launched two studies into the feasibility of a Palestinian digital currency.
Palestine’s digital currency would reduce its dependence on the Israeli shekel, on which it has relied since signing the 1994 Paris Protocol on Economic Relations with Israel.
As part of the deal, Palestine agreed not to issue its own currency. The Protocol was meant to last for five years, and was signed with the impression that the states would move toward a two-state solution.
Almost three decades later, little has progressed in the talks. A large stretch of Palestine is under military blockade, and the Palestinian economy still relies on the Israeli shekel, the US dollar and the Jordanian dinar.
State-backed digital currencies, also known as central bank digital currencies (CBD
Źródło: https://decrypt.co/74575/israel-and-palestine-are-exploring-digital-currencies
