The symbol ₪ represents the Shekel, the currency of Israel. When used in the context of cryptocurrency, it may refer to a digital token or asset that is pegged to the value of the Israeli Shekel.
In the world of cryptocurrency, a Shekel token can serve as a stablecoin, maintaining a value equal to one Israeli Shekel. This can provide stability for traders and investors, as the value of the token is tied to a well-established fiat currency.
Shekel tokens can be used for various purposes within the cryptocurrency ecosystem, such as trading, investment, or as a means of transferring value across borders. They may be traded on various cryptocurrency exchanges and used in decentralized finance (DeFi) platforms.
Overall, the Shekel symbol in cryptocurrency represents a digital representation of the Israeli Shekel, offering users a way to interact with the traditional financial system through blockchain technology.
