Lithuanian Central Bank starts pre-sale of digital currency LBCoin, which will be officially launched on July 23

According to the July 10 news of the Science and Technology Board Daily, on July 9, the digital currency LBCoin issued by the Lithuanian Central Bank began to register for pre-sale on the website, and will be officially sold on July 23. On the 2nd of this month, the Central Bank of Lithuania announced that it will issue digital currency LBcoin. The digital currency is produced on the basis of blockchain technology and is also part of the pilot project of digital currency and blockchain technology with a state-backed background in Lithuania. LBCoin will consist of 6 digital currencies and 1 physical silver coin at a price of 99 Euros. 24,000 digital currencies and 4000 silver coins will be issued. Can directly exchange with the central bank and the dedicated blockchain network.

The Central Bank of Lithuania displayed the digital commemorative coin LBCoin, and the central bank also launched an electronic store specially set up for the LBCoin project. Marius Jurgilas, a member of the Lithuanian Bank’s board of directors, said, “Today, we have opened a new chapter in the history of numismatics and further explored the potential of central bank digital currencies (CBDC). When the central bank begins to change its view of digital currencies, LBCOIN may be a test The most advanced proving ground for different incarnations of CBDC.”

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