IMF, World Bank Launch Private Quasi-Crypto ”Learning Coin”

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IMF, World Bank Launch Quasi-Crypto ''Learning Coin''

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A joint private blockchain project from the International Monetary Fund (IMF) and the World Bank is being launched to help educate institutions and gain a better understanding of both blockchain and cryptocurrencies.

A quasi-cryptocurrency dubbed ”Learning Coin” will also be used during the project, although it is stressed that the token will have zero monetary value and will be inaccessible outside of the IMF and World Bank.

In a statement, the IMF noted that the rapidly evolving technologies in the cryptocurrency space had forced the institution to admit a ”growing knowledge gap.” The Learning Coin project is an effort to bridge that gap, for legislators and policymakers to gain a better understanding.

The project will offer knowledgable insights via a website, blog posts and videos, all looking to investigate the principles of distributed ledger technologies. Reaching educational milestones on the private platforms will earn the employees Learning Coin tokens as a reward; while they will not be able to exchange them for currency, it is suggested the developers will be able to exchange them for some form of reward.

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Image Courtesy: Pixabay

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