Tunisia’s “E-dinar” is the world’s first central bank backed digital currency to be launched.
Coin telegraph reported that the Central Bank of Tunisia announced that the digitisation of the Tunisian dinar has started and that the paper-backed CBDC will be issued on the Universa Blockchain.
The Central Bank of Tunisia now wants to take the currency to a global level and hopes to eliminate the need for US dollars for cross border payments.
Universa declear that Tunisia could soon be followed by Malaysia, the Philippines, Argentina, Brazil, and China in CBDC issuance. Indeed, a Chinese foreign exchange official, and many others, thought his country would be the first. Likewise Singapore, Thailand, and Canada have made strides in digital currency research, Ledger insight noted.