July 22, 2024

County in California creates a digital wallet for public services

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County in California creates a digital wallet for public services

The Santa Cruz County Council of California has approved the creation of a blockchain-based digital wallet for government services.The pilot project is going to be launched in July 2023.

The developer is Humbl.The project will be tested by users who want to be the first to gain digital access to government services. According to official documents, during the pilot period, local officials will evaluate how much users trust the technology.

“We believe the value of digitizing paper documents, records and services is an important step forward for the convenience of County residents,” said Santa Cruz County Executive Zach Friend.

Following the successful completion of the pilot phase, the district plans to submit a formal report no later than September 2023.

Santa Cruz Digital Wallet Project Startedto be discussed in April 2022. The project was made possible after the state of California passed a law allowing counties to issue vital records using data stored in digital wallets protected by blockchain.

Earlier, the California Federal Court began tohearings on recognition of XPR as a security. Experts in the crypto community suggested that the court's decision would put an end to the long-term legal battle between Ripple and the SEC, and could also affect the entire crypto industry, setting a precedent. Especially if the plaintiff can prove the charges in court and successfully “certify XRP” as a security.

In February, the California Department of Financial Protection and Innovation (DFPI) launched the Crypto Scam Tracker service to track fraudulent cryptocurrency projects.

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