Bank of Lithuania wanted to celebrate the 1918 Act of Independence and the innovative role the 20 original signatories played in the creation and development of the Lithuanian state. At the same time, the Bank wanted to progress the Central bank’s understanding and use of virtual currencies, providing greater depth of understanding in numismatics and engaging younger citizens in coin collecting using elements of gamification and play.
To celebrate the Act of Independence of 16 February 1918 and its 20 signatories, the Bank of Lithuania, through LBCoin, is issuing 24,000 blockchain-based digital tokens and 4,000 physical silver collector coins.
NEM Symbol APIs ensure seamless integration with existing enterprise systems and processes - it is focused on enterprise needs and developers that used to work with those. Furthermore, tiered architecture and plug-in based solutions improves flexibility and speeds up development time dramatically. Asides from this, Symbol's token will be used on Wine companies, IoDLT, insurance, real estate, etc.[Source -
https://blog.nem.io/lbcoin-the-worlds-first-digital-collector-coin-from-bank-of-lithuania-using-nem-blockchain/]
It's happening!! We can see more countries and banks actually seeing the benefit of cryptocurrency and blockchain as a whole, do you guys think that we'll be seeing more of these?
