Ethereum is gaining a lot of traction beyond just the cryptocurrency world with the latest development in Singapore indicating how the cryptos technology could be used in innovative ways.
The Monetary Authority of Singapore (MAS) in collaboration with Deloitte, banks and blockchain companies has published a report about the first phase of the tokenised Singaporean dollar project called Project Ubin.
http://positivethefacts.com/2017/07/tokenised-ethereum-based-dollar-being-tested-in-singapore/Wow so what now they want to put fiat money on the blockchain?
I thought the entire purpose was to get rid of fiat money, not to tokenize it
