Cryptocurrency

15/04/19 09:00 UTC-4

The IMF launched its own "learning" cryptocurrency

Cryptocurrency from the IMF. The organization has launched its own crypto
Cryptocurrency from the IMF. The organization has launched its own crypto

On April 15, the IMF, together with the World Bank, launched their own "learning" cryptocurrency –Learning Coin. A press release about the first testing of the coin was published in the Financial Times.

Learning Coin will have no real value and is very different from the usual cryptocurrency. Cryptocurrency has a learning character and is designed to unlock the full potential and capabilities of the blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
and crypto-technologies.

 

Cryptocurrency from the IMF and the World Bank

Learning Coin began closed testing. Cryptocurrency was created jointly by the IMF and the World Bank. The coin has a teaching character, it will not be sold on exchanges or in exchange offices, and also will not be available to ordinary people.

Employees of the IMF stressed that only special departments of the IMF and the World Bank will be able to use the new cryptocurrency. Learning Coin is needed for informational purposes. In addition to crypto, the IMF also created a blockchain platform to study the principles of the operation of smart-contracts.

Interesting in the section: Blokchain technology outside cryptocurrencies

"Learning Coin is a learning project that we may use in the future to combat money laundering or develop banking smart-contracts (...). The coin is available only to staff of the IMF and the World Bank." – IMF Press Center.

According to the comments, employees will be able to receive coins for completed tasks, and a miningMining
– is a type of activity for creating new blocks in the Blockchain to ensure proper system operation. Details
simulator will also be developed. For Learning Coin, video courses, lectures, videos and literature on crypto-related topics will be placed on the blockchain platform.

"Technologies and financial instruments are developing unusually quickly (...) Financial regulators and global organizations must understand the specifics of the functioning of such assets in orderOrder
– automatic application to buy or sell cryptocurrency. Orders are used during trading on the stock exchange to open and close a position. Details
to maintain or avoid trouble in time."
– IMF Press Center.

The IMF launched their own "learning" crypto-coin and platform. Recall that cryptocurrencies are becoming increasingly popular in official institutions. For example, on April 11, Harvard became the first university in the world to invest in cryptocurrency. The Harvard Board has invested in a new Blockstack coin.

Editor: Alyona Nabok

See also: "Cryptocurrency market correlation: cryptocurrency prices began to rise again"

#IMF #cryptocurrency #TheWorldBank #LearningCoin

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