Israel to Issue Digital Currency

Israel intends to create a faster payments system as well as reducing the amount of cash in the economy
25 December 2017   1796

The Bank of Israel is considering issuing digital currency in order to create a faster payments system as well as reducing the amount of cash in the economy, a central bank source said on Sunday. The source added that no decision had yet been made and the Bank of Israel declined to comment on the issue.

The Israeli government has been seeking to limit the amount of cash in the economy for a few years since the black economy is estimated at some 22 % of national output.

The source said that the government was ready to legislate or include the issue in its 2019 budget and economic package if the central bank gave the green light. The source added that any digital currency introduced by the country’s central bank would be centralized, safe and abide by money laundering rules.

Recently, we have reported that Israel Securities Authority chief said that cryptocurrency companies should be banned from entering the exchange via a “back door”, or through the activities of an existing company that is already listed on the exchange until a proper regulatory process is in place for dealing with these kinds of companies.

Casa to Launch Lightning Node Mobile App Called Sats

Casa to Launch Sats App With Lightning Network Support
04 July 2019   1008

Casa startup, specializing in the creation of secure storage systems for private keys, introduced a mobile bitcoin application Sats App, which makes it easy to manage Lightning-node.

Sats App is positioned as a non-custodial bitcoin wallet "with unique functions." According to Casa CEO Jeremy Welch, the SatsBack reward program will soon be launched, under which users will receive small amounts in BTC. For example, for connecting an application and a Casa Node device to each other, the user will receive 20,000 Satoshi.

Features are focused on increasing adoption of bitcoin and lightning nodes. You will be able to earn bitcoin if you don’t have a Casa node, but you will be able to earn bitcoin faster if you have a node.
 

Jeremy Welch 

CEO, Casa

He also added that the application, available for iOS and Android, is “secure, private and connects via Tor”.

According to CoinDesk, the startup earlier raised $ 3.5 million from Castle Island Ventures, Boost VC and Compound, and several other investors. Currently, a startup staff of 25 people serves users from 60 countries.