Israel is thinking about creating its own digital money called the digital shekel! It would be like having digital cash, but even better. It would be easy for everyone to use, from kids to tourists to businesses.
- The digital shekel would be fast and easy to use for payments.
- It would offer more privacy than other digital payment methods.
- Businesses might save money on fees.
- It could work with other payment systems.
| Feature | Details |
|---|---|
| Privacy | Higher than current digital payments, similar to cash. |
| Accessibility | Available to everyone. |
| Speed | Fast payments. |
| Fees | Potentially lower for businesses. |
The Bank of Israel is still deciding if it will actually create the digital shekel. They will only do so if it is beneficial and safe.
