Published On: Thu, Dec 31st, 2015

Monetas Unifies eDinar and Blockchain Technology in Tunisia

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It doesn’t happen often a country of this world is actively looking at replacing their own currency. Or to be more precise, Tunisia is replacing its self-created eDinar digital currency with a blockchain-based version. In doing so, Tunisia becomes the world’s first country to issue national currency using advanced blockchain technology.  
Also read: Coinbase Tests Bitcoin XT, Gets Removed From Bitcoin.org
Issuing National Currency on The Blockchain
Tunisia is one those countries where financial services are not widely available to just anyone. With over three million residents cut off from the financial system altogether, something had to change sooner or later.The introduction of the eDinar digital currency, which was issued by the Tunisian government, 600,000 people had access to some form of financial services in recent months.
The time has come to take things to a new level, and the Tunisian government is working together with Monetas to combine blockchain technology and a national digital currency. As a result, the eDinar can be used to make mobile money transfers, manage identification documents, paying bills, and much more.
Similar to how Bitcoin operates, transactions costs for the eDinar will be negligible, regardless of how …

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