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Author Topic: Lithuania issues world's first digital collector coin  (Read 120 times)

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Online mlawson71Topic starter

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Lithuania issues world's first digital collector coin
« on: July 27, 2020, 04:07:26 PM »
The first digital collector coin has appeared on the market, issued by the Lithuanian Central Bank. The coin is state-backed, is called LBCOIN, it is based on blockchain technology and consists of six digital tokens and one physical collector coin.

The silver collector coins are coined by the Lithuanian Mint, resemble a credit card and depict Lithuania’s 1918 act of independence and its 20 signatories. Each coin has a nominal value of 19.18 EUR to commemorate that date.

So far the Bank of Lithuania has issued only 4000 such coins and they can be collected after buying the digital tokens.
Source

This is just the first bank to do this, but I have little doubt that there will be many more to do so after that.


 

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