Palestine Plans Digital Currency to End Israel Shekel Dependency

Months after Palestine’s current government was sworn in, the prime minister has revealed plans to develop a cryptocurrency meant to reduce dependence on Israel. According to the Anadolu Agency, Palestinian Prime Minister Mohammad Shtayyeh stated that the digital currency will assist the territory to overcome the challenges currently being experienced as a result of the overreliance on the Israeli shekel. In a (loosely translated) statement, Shtayyeh said that this was part of the Palestinian National Authority’s e-government plans. We are working to transform e-government into a reality that citizens feel.…

Bitcoin in Palestine – CoinDesk

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