Blockchain-focused startup Tangem has announced it will issue the physical banknotes of the sovereign (SOV) - the world's first decentralized digital national currency for the Republic of the Marshall Islands, according to the official announcement.
Tangem states the partnership is designed to ensure that all in Marshall Islands have fair and equal access to the asset.
The Co-founder of Tangem, Andrey Kurennykh, says they are "excited to issue a digital currency as official legal tender."
"As the IMF has noted, the world is moving towards the widespread adoption of digital currencies, and we are excited to support the birth of the new global digital economy," Kurennykh said.
Earlier, the President of Marshall Islands Hilda Heine faced her first vote of no confidence that was introduced by eight senators.
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