The Bank of Lithuania is Europe’s first central bank to produce a digital currency issued in the Euro Zone. According to local media reports, LBCOIN is a digital currency collector’s coin, based on blockchain technology, and the central bank has issued 24 thousand digital tokens and 4000 collectable silver coins. “The digital coin vividly illustrates what we achieved when we chose the strategic direction of our business a few years ago — to take a firm path to financial and payment innovation. This coin is like a bridge that combines classical numismatics with rapidly evolving financial technologies and innovations. I have no doubt that the issuance of such a coin will strengthen Lithuania’s role as a regional financial technology centre,” stated Vitas Vasiliauskas, Chairman of the Board of the Bank of Lithuania.
Continue read: https://www.the-blockchain.com/2020/07/27/the-bank-of-lithuania-issues-europes-first-central-bank-digital-currency-for-collectors/