Today, the Bank of Lithuania announced its blockchain-based digital collector’s coin (LBCoin) entered the final testing phase and would be issued in July.
Late last year, the central bank announced plans for the LBCoin in celebration of the anniversary of Lithuania’s independence on February 16, 1918. The digital coin features the Act of Independence and its 20 signatories.
Concerning the development of the digital collector’s item, the central bank has completed user testing of the online shop where LBCoin will be sold. Additionally, it covered third-party services such as Know Your Customer (KYC) and payment collection.