International Monetary Fund (IMF) in accordance with World Bank have launched their own private-focused blockchain network and cryptocurrency, states Financial Times (FT).
According to FT, the so-called “Learning Coin” digital asset was created in order to better understand the emerging technology.
The Learning Coin will be inaccessible outside the World Bank and the IMF and have no monetary value whatsoever, and is therefore not a real cryptocurrency, like bitcoin, highlights FT.
Last year, Christine Lagarde, Managing Director of the International Monetary Fund (IMF) called on central banks to change their mindset and study the possibility of issuing their own digital currency in order to compensate for the decline in cash use.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.