Uruguay will launch a digital peso

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2017-11-06 20:00:07

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Uruguay will launch a digital peso Source:

After digital , which reflects the government and the national Bank of Denmark, the transition to digital currency thought, and in Uruguay — local peso may soon be history, replaced by your e - «namesake» and the equivalent. The Central Bank of Uruguay, issued a statement, according to which the pilot project on implementation of digital currency is already running, and the analog pesos will be adjusted similar to conventional currencies, but will have technological support.

In the next six months since the launch of digital Uruguayan peso the Central Bank will track its development and impact on different processes. It is reported that to test a new currency, while not planning at the state level, so first try to Uruguayan peso will be able ten thousand clients of the local mobile operator ANTEL — they have asked to download the app, after which they will be able to configure a digital wallet and make your first payment via national payment system Red Pagos.

For the test period for individuals a limit of e-peso equal to one thousand dollars, and for legal — five thousand.

According to representatives of the Bank and the government of Uruguay, the introduction of digital peso chart allow you to save on printing plain money and make transactions with state-controlled currency more transparent. The production cost of cash is quite high and often together with developing and printing is up to ten percent of the face value of the banknote. But printing presses are not in all countries, so those who can not afford to make money on their own, often bought them abroad, which is also not the best way affects the price of banknotes. Thus, the transition to digital money for small States really can be a good way to save budget, freeing banks from having to produce new «paper».

Discuss the prospect of a new digital currency in our cozy .

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