Tunisia Taps into Blockchain Payments System Thru Monetas
A vast majority of the population in Tunisia is unbanked, giving rise to the need for an alternative payments system. The country is currently able to tap into the blockchain technology or distributed ledger to be used for its mobile payments platform under Swiss software startup Monetas and the La Poste Tunisienne or postal office. Monetas will serve as the software provider, offering the technological architecture necessary to support the blockchain payments system similar to that of MPesa. Intersystem Blockchain Payments. While there are several alternative payments systems offered in....
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It doesn’t happen often a country of this world is actively looking at replacing their own currency. Or to be more precise, Tunisia is replacing its self-created eDinar digital currency with a blockchain-based version. In doing so, Tunisia becomes the world’s first country to issue national currency using advanced blockchain technology. Tunisia is one those countries where financial services are not widely available to just anyone. With over three million residents cut off from the financial system altogether, something had to change sooner or later.The introduction of the eDinar digital....
Tunisia's post office, La Poste Tunisienne, today revealed it is testing a crypto-powered payments app for 600,000 of its customers. In partnership with startups Monetas and DigitUs, the hybrid service provider - which runs eDinar, Tunisia's official mobile money - will launch a multi-purpose app for the growing number of smartphone users in the North African nation. CEO M Moez Chakchouk said in a statement: "La Poste is a very important and trusted institution and is at the heart of financial inclusion efforts in Tunisia. At La Poste we are on a transformation journey to modernize our....
Swiss-based fintech company Monetas, focusing on developing a platform for people with mobile phones including the unbanked and underbanked, made headlines in digital outlets a few weeks ago with their project of Tunisian e-dinar. The founder Johann Gevers also revealed in his AMA session that they want to integrate the platform with Bitcoin this year. He bets on the technological universality feature of their smart contract platform. It works with all types of currencies, instruments, and devices. Monetas wants to focus on fiat currencies now, because “that's what the vast majority of....
Tunisia's Ministry of Communication Technologies and Digital Economy is reportedly looking to explore both bitcoin and blockchain technology. The news follows the publication of an internship advert on various social media channels believed to be controlled by the Ministry. The role, open to engineering students, will require the successful candidate to carry out specific bitcoin and blockchain-related research. A loose translation of the job description reads:
Monetas is building the world’s first decentralized system for financial and legal transactions. It is a powerful, open, standard-based platform that will enable digital finance entrepreneurs to build amazing new products and services. It’s a new bridge between Bitcoin and virtual assets, based on bitcoin and colored coins technology. Monetas has strongly invested in the development within the Bitcoin wallet and integrated full-time software engineers. The startup mission is to empower people to live and do business with greater freedom than ever before. You can reach the detailed article....