Tangem to Make Physical Banknotes for Marshall Islands’ Digital Currency

Tangem to Make Physical Banknotes for Marshall Islands’ Digital Currency

Switzerland-based blockchain smart card wallets and banknotes manufacturer Tangem announced a new agreement with the Republic of the Marshall Islands to produce physical banknotes that represent digital currencies.

According to a press release, Tangem “will issue the physical banknotes of the sovereign (SOV) – the world’s first decentralized digital national currency. Once issued, SOV will join the U.S. dollar as the official legal tender of the Republic of the Marshall Islands (RMI).”

The venture will allow people to have access and to manage digital currencies whether or not people have internet connection.

“Thanks to the immediate transaction validation, zero fees and no Internet connection requirements for the end users Tangem banknotes will enable the off-chain physical circulation of the SOV among all SOV holders and will not impose the technical infrastructure burden on the RMI,” the note says.

Minister David Paul, Minister-in-Assistance to the President of the Marshall Islands, highlights the ability of new technologies to bring transparency and security to the market and at the same time “the world’s first sovereign digital currency.”

“Tangem will help us ensure all citizens, including those living on more remote outer islands, are able to easily and practically transact using SOV.”

Register for Latest Updates & News

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

Recently Similar News

Latest Guides

Latest News

Blockchain,Cryptocurrency,Technology

Haru Invest – the Ideal Platform to Get in Touch with Crypto

Switzerland-based blockchain smart card wallets and banknotes manufacturer Tangem announced a new agreement with the Republic of the Marshall Islands to produce physical banknotes that represent digital currencies. According to a press release, Tangem “will issue the physical banknotes of the sovereign (SOV) – the world’s first decentralized digital national currency. Once issued, SOV will […]

22 March, 2022
Blockchain,Cryptocurrency,Technology

XBE Community Launches a $500k Bug Bounty

Switzerland-based blockchain smart card wallets and banknotes manufacturer Tangem announced a new agreement with the Republic of the Marshall Islands to produce physical banknotes that represent digital currencies. According to a press release, Tangem “will issue the physical banknotes of the sovereign (SOV) – the world’s first decentralized digital national currency. Once issued, SOV will […]

28 December, 2021
Blockchain,Cryptocurrency,Technology

11 Biggest Sponsorships Deals for the Crypto Market in 2022

Switzerland-based blockchain smart card wallets and banknotes manufacturer Tangem announced a new agreement with the Republic of the Marshall Islands to produce physical banknotes that represent digital currencies. According to a press release, Tangem “will issue the physical banknotes of the sovereign (SOV) – the world’s first decentralized digital national currency. Once issued, SOV will […]

1 December, 2021
Blockchain,Cryptocurrency,Technology

ChangeNOW Unveils a New Cashback Feature

Switzerland-based blockchain smart card wallets and banknotes manufacturer Tangem announced a new agreement with the Republic of the Marshall Islands to produce physical banknotes that represent digital currencies. According to a press release, Tangem “will issue the physical banknotes of the sovereign (SOV) – the world’s first decentralized digital national currency. Once issued, SOV will […]

15 November, 2021
Blockchain,Cryptocurrency,Technology

Celsius Casino is Raising the Temperatures with a Voluminous Game Lobby

Switzerland-based blockchain smart card wallets and banknotes manufacturer Tangem announced a new agreement with the Republic of the Marshall Islands to produce physical banknotes that represent digital currencies. According to a press release, Tangem “will issue the physical banknotes of the sovereign (SOV) – the world’s first decentralized digital national currency. Once issued, SOV will […]

9 November, 2021
Blockchain,Cryptocurrency,Technology

ChangeNOW Has Announced the Release of its Own Digital Wallet

Switzerland-based blockchain smart card wallets and banknotes manufacturer Tangem announced a new agreement with the Republic of the Marshall Islands to produce physical banknotes that represent digital currencies. According to a press release, Tangem “will issue the physical banknotes of the sovereign (SOV) – the world’s first decentralized digital national currency. Once issued, SOV will […]

29 October, 2021
Blockchain,Cryptocurrency,Technology

BitPanda Enhances Its BEST Rewards Programme

Switzerland-based blockchain smart card wallets and banknotes manufacturer Tangem announced a new agreement with the Republic of the Marshall Islands to produce physical banknotes that represent digital currencies. According to a press release, Tangem “will issue the physical banknotes of the sovereign (SOV) – the world’s first decentralized digital national currency. Once issued, SOV will […]

25 October, 2021
Blockchain,Cryptocurrency,Technology

ChangeNOW’s AML Action Lead To The Return Of $15M COMP

Switzerland-based blockchain smart card wallets and banknotes manufacturer Tangem announced a new agreement with the Republic of the Marshall Islands to produce physical banknotes that represent digital currencies. According to a press release, Tangem “will issue the physical banknotes of the sovereign (SOV) – the world’s first decentralized digital national currency. Once issued, SOV will […]

6 October, 2021