Comment on Tunisia to Replace Its National Digital Currency, eDinar, With Blockchain-Driven Monetas Currency by These countries have decided not to use Bitcoin – IncubateIND

[embedded content]

ADVERTISEMENTS

Share with:

Tunisia will be the first country in the world to issue its national currency via advanced Blockchain technology according to Monetas CEO Johann Gevers in an interview with African technology portal TechMoran on Mobile Money and Blockchain.

Today more than 3 million Tunisians are excluded from the financial system, but more than 600,000 are already using the official digital eDinar. With the La Poste Tunisienne app powered by Monetas, eDinar will be used to make instant mobile money transfers, pay for goods and services online and in person, send remittances, pay bills, manage official government identification documents, and more. Total transaction fees will be of negligible cost, even from amounts less than a fraction of a dinar, and in most cases fees are paid by merchants. The maximum fee paid on a transaction will be less that 1 dinar. La Poste Tunisienne will strictly control the issuance and circulation of the eDinar in order to prevent it from being used for illegal transactions.

Speaking about this step towards a nationwide rollout, Monetas Founder and CEO Johann Gevers said:

“We are delighted to be working in partnership with the Tunisian Government, National Post, and DigitUs to increase financial inclusion with an open mobile money platform that is able to operate across mobile networks. This is an important first step towards a freer and more prosperous world.”

The Monetas platform is an advanced crypto-transaction technology that uses a Blockchain secured digital notary to enable all kinds of financial and legal transactions, public or private, worldwide.

La Poste Tunisienne CEO M. Moez Chakchouk said:

“La Poste is a very important and trusted institution and is at the heart of financial inclusion efforts in Tunisia. At La Poste we are on a transformation journey to modernize our services with innovative technologies and power the digital economy. Digital, Mobile, and Internet, are all key components in this transformation. Monetas and Digitus help us to bring these ingredients to the table.”

With the Monetas platform, institutions, individuals, and businesses can easily conduct transactions with all types of trade instruments, including all national and digital currencies. Seamless integration with Distributed Ledger and Blockchain Technologies ensures the platform is future-proofed.

From the interview at Techmoran:

Tunisia is the first country to use Monetas technology and we are currently working with several African partners to provide coverage to 12 markets in 2016. These partnerships will bring more than 300 million people into an incredible future of financial inclusion.

Tunisia will be the first country in the world to issue its national currency via advanced cryptofinance technology according to Monetas CEO Johann Gevers in an interview with TechMoran on Mobile Money & CryptoFinance .

The Monetas platform allows for a vast array of applications in many markets. We are focusing our initial deployments on Africa where this technology can benefit the largest number of people, in a continent where transaction costs are highest and access to banking is very low.

Africa is the prime candidate, and because of this mobile financial services have been very successful in eastern Africa. We believe that mobile financial services are rapidly growing in the region, and Monetas software grants individuals with economic freedom and prosperity through the use of a transaction platform that is magnitudes cheaper than any alternative, interoperable across mobile networks, and can process new financial tools.

Powering the financial inclusion of 2.5 billion unbanked people worldwide will begin in Africa, we will then go onto expand throughout Latin America, followed by South East Asia.

Tunisia is the first country to use Monetas technology and we are currently working with several African partners to provide coverage to 12 markets in 2016. These partnerships will bring more than 300 million people into an incredible future of financial inclusion.

The Monetas deployment in Tunisia is the first application for a full ecosystem of digital payments. With the La Poste Tunisienne android application powered by Monetas, Tunisians can use their smartphones to make instant mobile money transfers, pay for goods and services online and in person, send remittance, pay salaries and bills, and manage official government identification documents.

The Monetas system is a unique combination of cryptofinance technologies providing a faster, cheaper and more secure service than any other system. The cryptographically secured digital notary, a conceptual model which has been used successfully for several millennia, provides the flexibility and power to process any kind of financial or legal transaction in real time and at negligible cost, as well as interoperability with other distributed ledger technologies and mobile networks. The digital notary is not a financial intermediary, and never touches customer funds. It instead acts as a traditional notary would, thus eliminating the need and costs associated with financial intermediaries and central ledgers.

In Tunisia, Monetas has launched in partnership with the National government Tunisian Post office, La Poste Tunisienne (LPT) , and Tunisian technology startup DigitUs. The Tunisian Post is the backbone of the current payment infrastructure and together with Digitus, will address and acquire customers into the ecosystem, initially transitioning the existing 600,000 users of national digital eCurrency (eDinar) onto the new technology after due diligence is complete.

Read interview in full here.

  • UC Berkeley Opens New Blockchain Lab – Steve Chen Appointed to Co-Lead Newly Formed Berkeley Blockchain Lab – December 10, 2017
  • Peter Vessenes Announces Deluge Network To Support a Safe and Direct Way to Contribute Bitcoin Directly to ICOs – December 5, 2017
  • EXMO Launches Token Sale with Blockstarter’s ICO Solution – December 5, 2017
  • AdHive, A Blockchain-Based Native Advertising Platform, Engages with WINGS DAO Platform – December 5, 2017
  • Perkins Coie Adds SEC Attorney in San Francisco with Fintech and Blockchain Experience – December 5, 2017
  • Cryptocurrency Monero Announces Breakthrough Online Shopping Initiative Featuring Top Global Artists’ Music and Merchandise – December 5, 2017
  • Bitcoin for a ‘bit’ of Caribbean paradise – December 5, 2017
  • With the Launch of SunCoin, Solar Bankers Takes On the World’s Energy Giants – December 4, 2017
  • Blockchain News Is Merging With Token Report – November 30, 2017
  • Mira launches Pre-ICO for Mira – an Easy and Convenient Way to Buy, Store and Send Cryptocurrency – November 23, 2017
  • Dash and KuvaCash Partner to Fight Inflation in Zimbabwe with Cryptocurrency – November 22, 2017
  • INS Ecosystem Partners with Ambrosus to Overhaul the Grocery Supply Chain – November 22, 2017
  • Global Debt Registry Unveils Collateral Pledge Blockchain Proof of Concept – November 22, 2017
  • Ripple Appoints Former New York State Superintendent of Financial Services Benjamin Lawsky to Its Board and Ron Will as CFO – November 22, 2017
  • Advised by the Co-Founders of YouTube and Twitch, Theta Announces a Blockchain-based Video Delivery Network – November 22, 2017
  • Modex adds top advisor from Google ahead of ICO – November 22, 2017
  • Decentralized Ad Exchange AdEx Partners with INK to Handle the World’s First Blockchain-based Ad Auction – November 22, 2017
  • Zilliqa Lowers Funding Cap Despite Heavy Demand from Investors – November 22, 2017
  • Health Startup Etheal Combines Blockchain Technology with Micro-Incentives to Build a Peer-Reviewed Global List of Health Professionals – November 22, 2017
  • Bitquence Rebrands as Ethos.io, Charting a Course to Unlock Crypto and the Future of Investment for the Masses – November 22, 2017
  • Eidoo Introduces User Friendly ICO Engine – Allowing Crypto Startups To Launch And Manage Their Own ICOs For Fundraising On The Blockchain – November 22, 2017
  • Simdaq Launches Social Platform for Democratisation and Development of Cryptocurrency Trading – November 22, 2017
  • Gameflip Shatters FLIP Pre-Sale Goals, Sets Sights on December 4, 2017 ICO – November 22, 2017
  • Golden Alliance Gold Mining Launches Token Sale – November 22, 2017
  • Genaro and Storj Labs Announce Collaboration and Product Integration – November 22, 2017
  • Metal (MTL) Now Available on the Chinese Cryptocurrency Exchange – November 22, 2017
  • Mark.space & Jaguar Land Rover Announce Cooperation – November 22, 2017
  • Exscudo – EON Testnet Was Successfully Updated – November 22, 2017
  • Valorem Foundation Launches All-new Cryptocurrency Platform – November 22, 2017
  • WAX Partners with Xsolla to Offer Its Platform to More Than 2,000 Video Games – November 22, 2017
  • Brave expands Basic Attention Token platform to YouTube – November 22, 2017
  • Narrative Launches Blockchain Based Social Network That Puts Revenue In Your Pocket, Not Mark Zuckerberg’s – November 22, 2017
  • Gladius Uses Blockchain and Spare Bandwidth to Revolutionize Cyber Security – November 22, 2017
  • Indorse Announces Partnership with App Store Cryptocurrency, AppCoins, ahead of MVP Launch – November 22, 2017
  • Secutix And The Paléo Festival Nyon Announce The Success Of Their Blockchain Pilot Project – November 22, 2017
  • ING launches major addition to blockchain technology: Zero-Knowledge Range Proof solution – November 22, 2017
  • Cofound.it Announces Teams Participating in Upcoming Live Crowdsale Event – November 22, 2017
  • PUBLIQ goes public: The blockchain and AI company that fights fake news announces the start of its Initial Token Offering – November 22, 2017
  • Blockchain for Business SophiaTX Reveals New Details of Platform; Confirms Date for Token Generation Event – November 22, 2017
  • BCShop.io Launches Partner Program – November 22, 2017
  • World’s First Social Entrepreneurship Platform Moms Avenue Challenges Etsy by Gearing Up With Blockchain – November 21, 2017
  • WAX Partners with Xsolla to Offer Its Platform to More Than 2,000 Video Games – November 20, 2017
  • Pundi X integrates NEM blockchain to Bring Cryptocurrency Payments Into Retail Stores – November 20, 2017
  • Fujitsu Develops Security Technology to Safely Connect Blockchains – November 20, 2017
  • Jibrel Network Announces a Highly Successful Pre-sale Round – November 20, 2017
  • KRAFTWERK on Blockchain – November 20, 2017
  • MintHealth: Empowering Patients to Take Control of their Health and Data via Blockchain Technology – November 20, 2017
  • IBM Completes PoC Of Blockchain-based Shared KYC With Deutsche Bank, HSBC, MUFG And Cargill, IBM Treasuries – November 20, 2017
  • LetsEnhance.io to process images on Neuromation Platform – November 20, 2017
  • Blockchain And AI Researchers Propose A New Model To Return The Control Over Human Life Data To The Patients And Accelerate Biomedical Research – November 20, 2017

View All Articles

advertisementGameflip