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Jordan launches national blockchain network
Known as MODEE DLT, the new network will be integrated into the country’s digital identity network Sanad to provide digital records of all transactions.
Known as MODEE DLT, the new network will be integrated into the country’s digital identity network Sanad to provide digital records of all transactions.
Launching a CBDC would open a pathway for Jordan to improve its domestic payment systems, but the IMF warned that the country should tread carefully to avoid potential financial repercussions.
While Jordan's retail payment space is flourishing, the IMF says various barriers prevent customers from using digital payments, and launching a retail CBDC could help address that.
Enterprise blockchain services provider TAAL made history this week when it mined the biggest Bitcoin block at 3.87GB, which had 188,000 transactions and collected 9.7 BSV in fees.
The governor of the Central Bank of Jordan said in a recent meeting that if regulations ever caught up with the sector, the bank might legalize Bitcoin.