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  • Writer's pictureP Xenos and M Bacina

Bank of Lithuania launches blockchain collector coin

Updated: May 2

The Bank of Lithuania has announced in a press release that it will release a digital, blockchain-based collector coin in the spring of 2020.

The coin is dedicated to the 16 February 1918 Act of Independence of Lithuania and its 20 signatories.

The 24,000 tokens will be blockchain based and feature one of the Act’s 20 signatories. The coins will be divided into six categories with 4,000 coins in each category. A video of how the digital collector coin works is here.

Marius Jurgilas, Member of the Board of the Bank of Lithuania said the realisation of this experiment will help the Bank learn about digital currencies. He said:

It is especially relevant now since central banks tend to discuss these topics more openly and an outline of such currencies is slowly starting to emerge.

The digital collector coin is a small, but important step for the Bank of Lithuania in gaining knowledge of, and carrying out, blockchain research.

When can we expect an Australian Reserve Bank collectible token? It's a great way for the RBA to get more comfortable about digital currencies.


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