The altcoin named COTI was chosen for the Bank of Israel's CBDC project.
“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 price started to rise.
The news will be updated as details become available.
*This is not investment advice.