Digital Fiat Currency Technology Nabs Investment, Makes Inroads With Central Bankers

eCurrency Mint (eCM), a Dublin-based company that has pioneered a new technology that enables central banks to issue digital fiat currency, has received an undisclosed amount of Series C funding from Omidyar Network, a global investment firm launched by eBay founder Pierre Omidyar. The investment helps sets the stage to establish digital fiat currency, which portends numerous benefits over physical currency for bankers, merchants and consumers. The Wall Street Journal also has an article  noting that eCM has met with 30 central banks which are exploring digital currency backed by governments since it lowers the cost of currency. Jonathan Dharmapalan, […]

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