Iran unveils digital currency to boost payment infrastructure ...Middle East

The digital currency is similar to a banknote, committed by the Central Bank of Iran in an electronic form. Earlier, the CBI said it is planning to introduce a digital currency to facilitate purchases for the clients of the banking network in the country. According to the CBI, a pilot version of its digital currency was ready to be rolled out on the island of Kish, southern Iran, after several years of work and studies on the program. The CBI hopes the pilot platform could enable the bank to finally launch a digital form of Iran’s national currency the rial. Iran’s Mellat and Tejarat banks will contribute to the pilot project in Kish, which is to be launched in July. The Central Bank of Ir

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