COTI has been selected for the Bank of Israel’s CBDC project, marking a significant milestone. This article discusses the implications of this collaboration and the resulting price increase for COTI.
Points
- COTI Selection: Chosen for the Bank of Israel’s CBDC project.
- Collaborative Effort: Involvement with companies like PayPal and Fireblocks.
- CBDC Research: Ongoing since 2018, now exploring advanced functions.
- Unique Opportunity: COTI to test and develop its CBDC offering.
- Price Impact: Positive market reaction and price increase for COTI.
The Central Bank of Israel has selected COTI for its Central Bank Digital Currency （CBDC） project, a significant development in the cryptocurrency world. According to the announcement, COTI will participate alongside companies such as PayPal and Fireblocks.
“According to the announcement published today, COTI will take part in the Bank of Israel’s CBDC project, along with companies such as PayPal and Fireblocks.
The Bank of Israel has been researching CBDCs since 2018 and will now explore, together with COTI, the implementation and use of advanced functions and ways to create an ecosystem around its CBDC.
As the only blockchain network selected to participate, COTI will bring its expertise to design evaluations.
“COTI will have a unique opportunity to test and develop its CBDC offering through its work with the Bank of Israel.”
Following the news, COTI’s price started to rise, reflecting positive market sentiment and investor confidence in its potential.
The news will be updated as details become available.
*This is not investment advice.
解説
- Significant Selection: Being chosen by the Bank of Israel for the CBDC project places COTI in a unique position to influence the development of digital currencies.
- Collaborative Effort: Involvement with well-known companies like PayPal and Fireblocks adds credibility and potential for innovative solutions.
- Long-term Research: The Bank of Israel’s ongoing research since 2018 highlights the project’s depth and commitment to exploring advanced CBDC functions.
- Market Reaction: Positive price movement for COTI indicates strong market approval and potential for future gains.
- Investment Potential: While this is not investment advice, the collaboration may enhance COTI’s market position and attractiveness to investors.