IMF and World Bank jointly launch a Quasi-cryptocurrency
The International Monetary Fund (IMF) and the World Bank have jointly launched a private blockchain and a so-dubbed quasi-cryptocurrency, the Financial Times (FT) reports on April 12.
According to reports, the asset also termed as “Learning Coin” will be accessible only within the IMF and World Bank.
However, the coin has no monetary value and thus is not a real cryptocurrency.
The purpose of launching “Learning Coin” is believed to be offering a better understanding of the technologies that underlie crypto assets. Its app will serve as a hub where blogs, research, videos, and presentations are stored.