Digital Economy
Palestinian Authority pushes for digital transactions to ease financial crisis
Under the current restrictions, Palestinian banks can only return physical currency through Bank Hapoalim and the Israel Discount Bank, with a cap of NIS 18 billion annually.
GMT is acquired by Western Union for NIS 200 million
Diversifying digital platform revenue by expanding services to boost customer retention
TerraUSD creator Do Kwon sentenced to 15 years over $40 billion crypto collapse
Gold Future, Europe's Energy Crisis & Digital Currency | Kai Hoffmann
Europe's energy woes from policy missteps, and the digital euro's arrival were key topics of Kai Hoffmann. He advised buying gold dips amid currency concerns.
Economist warns: Israel's war costs could reach 10% of GDP, raising urgent challenges
"It is not unlike a second war of independence. And unlike the Yom Kippur War of 1973, which lasted three weeks, its end is not in sight.”
The ‘Digital Shekel Challenge’ advancing Israel’s economic future
Recently, the Bank of Israel commenced its “Digital Shekel Challenge,” an initiative for fintech to spearhead the creation of Israel’s digital ledger
Shifting Israeli investment trends: Embracing cryptocurrency and Bitcoin with Bits of Gold
Israeli investment trends are shifting toward cryptocurrency amid regulatory evolution and growing interest in digital assets like Bitcoin, facilitated by platforms such as Bits of Gold.
Do you have money in Paybox? You will receive interest on it
Paybox app announces that it will pay its customers from all banks an annual interest of 3% on their balance in the app.
Israel central bank says digital shekel launch an 'open question'
Israel's central bank has been experimenting with a digital shekel with its Hong Kong counterpart and the Bank for International Settlements.
Bank of Ireland ATMs malfunction, release money to people without funds
Reports claimed that customers could withdraw up to €1000 from their accounts regardless of whether or not they had the money available.
Israelis charge more than NIS 41 billion in July 2023, reduce cash spend
Online transactions have grown in popularity among Israeli society.
North Korean hackers breached a US tech company to steal crypto
North Korea has previously denied organizing digital currency heists, despite voluminous evidence - including UN reports - to the contrary.
Rakefet Russak-Aminoach on the digital banking transformation
I would say that Israel became the cyber nation, it became FinTech nation, it became the FinTech hub — no less than Silicon Valley, or New York or London,” said Russak-Aminoach.
