{"id":1090,"date":"2016-06-21T23:52:00","date_gmt":"2016-06-21T23:52:00","guid":{"rendered":"https:\/\/blog.holytransaction.com\/2016\/06\/central-bank-of-canada-revealed-the-digital-cad-coin.html"},"modified":"2020-11-09T06:44:52","modified_gmt":"2020-11-09T04:44:52","slug":"central-bank-of-canada-revealed-the-digital-cad-coin","status":"publish","type":"post","link":"https:\/\/holytransaction.com\/blog\/2016\/06\/central-bank-of-canada-revealed-the-digital-cad-coin.html","title":{"rendered":"Central Bank of Canada revealed the digital Cad coin"},"content":{"rendered":"<div style=\"clear: both; text-align: center;\"><a style=\"margin-left: 1em; margin-right: 1em;\" href=\"https:\/\/3.bp.blogspot.com\/-ERNNlW_oT3k\/V2nSMa9tMFI\/AAAAAAAAAjk\/rrXIkl_xvRM8UlOk-cmz6mmGq4zqKk47wCLcB\/s1600\/canada-1555109.jpg\"><img loading=\"lazy\" decoding=\"async\" title=\"cadcoin.jpeg\" src=\"https:\/\/3.bp.blogspot.com\/-ERNNlW_oT3k\/V2nSMa9tMFI\/AAAAAAAAAjk\/rrXIkl_xvRM8UlOk-cmz6mmGq4zqKk47wCLcB\/s400\/canada-1555109.jpg\" alt=\"&lt;img src=&quot;\/images\/cadcoin.jpg&quot; alt=&quot;Cad coin&quot; height=&quot;264&quot; width=&quot;350&quot; \/&gt;\" width=\"400\" height=\"298\" border=\"0\" \/><\/a><\/div>\n<h3 style=\"text-align: justify;\">Is Cad Coin the future for Canada?<\/h3>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Yesterday the <b>Central Bank of Canada<\/b> announced its new project: <b>Cad coin<\/b>, or the digital version of the Canadian dollar based on the blockchain.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Cad coin is just a part of a greater study about the blockchain, called <i><b>\u201cProject Jasper\u201d<\/b><\/i>, according to <a href=\"https:\/\/www.ft.com\/intl\/cms\/s\/0\/1117c780-3397-11e6-bda0-04585c31b153.html#axzz4Bk8JvZsk\">The Financial Times<\/a>.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Bank of Canada is not the only bank involved: in fact, other important banks such as <b>Bank of Montreal, CIBC, Royal Bank of Canada, Scotiabank and TD Bank<\/b> are participating to this innovative project.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">As you can read on a <a href=\"https:\/\/www.forbes.com\/sites\/laurashin\/2016\/06\/16\/canada-has-been-experimenting-with-a-digital-fiat-currency-called-cad-coin\/#2cd8bd441b0c\">Forbes<\/a> post, Bank of Canada is doing tests on a system that allows people to give their cash to the bank that will convert it into Cad coin.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<h3 style=\"text-align: justify;\">Banks: in love with the Blockchain?<\/h3>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">During the last months, we read about several bank projects related to the blockchain and digital currencies.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">For example, in March, <a href=\"https:\/\/holytransaction.com\/blog\/2016\/03\/bank-of-england-will-create-its-own.html\">Bank of England announced the decision to create its cryptocurrency called RS Coin, as you can read here.<\/a><\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">A similar news came in February, when <a href=\"https:\/\/holytransaction.com\/blog\/2016\/02\/the-bank-of-russia-is-working-on.html\">Bank of Russia revealed to study the blockchain for their own business applications<\/a>.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\"><i>&#8220;The development of modern financial markets is inseparable from the development of financial technology\u201d<\/i>, said Bank of Russia&#8217;s deputy chairman <b>Olga Skorobogatova<\/b>.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Are these news the proof that banks love blockchain applications or is it just fear?<\/div>\n<p>Open your free digital wallet <a href=\"https:\/\/holytransaction.com\/app#!\/signup\">here<\/a> to store your cryptocurrencies in a safe place.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Is Cad Coin the future for Canada? Yesterday the Central Bank of Canada announced its new project: Cad coin, or the digital version of the Canadian dollar based on the blockchain. Cad coin is just a part of a greater study about the blockchain, called \u201cProject Jasper\u201d, according to The Financial Times. Bank of Canada [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57,58,59,76,101,137,142,524,674],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.6 (Yoast SEO v22.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Central Bank of Canada revealed the digital Cad coin -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/holytransaction.com\/blog\/2016\/06\/central-bank-of-canada-revealed-the-digital-cad-coin.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Central Bank of Canada revealed the digital Cad coin\" \/>\n<meta property=\"og:description\" content=\"Is Cad Coin the future for Canada? Yesterday the Central Bank of Canada announced its new project: Cad coin, or the digital version of the Canadian dollar based on the blockchain. Cad coin is just a part of a greater study about the blockchain, called \u201cProject Jasper\u201d, according to The Financial Times. 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