The Central Bank of Iran seems hopeful about fulfilling the goals of the bank’s digital currency project, especially those related to innovating payment and monetary mechanisms.
Mohammad Beigi, head of the CBI payment systems department, said the crypto-rial venture initially seeks to help ease micro-payments, reduce the cost of interbank transactions and augment sustainability of Iran's e-payment network, way2pay website quoted him as saying.
The CBI wants to launch the digital currency project, known as the crypto-rial, by the end of the summer.
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