Tag: Central Bank digital currency

Central Bank of Nigeria embraces NFC technology to boost eNaira app adoption

The CBDC mobile app has been upgraded with Near Field Communication (NFC) technology. This enhancement allows mobile devices and payment terminals to interact...

Blockchain Breakthrough: African banks embrace the future of finance

According to the International Finance, Corporation, the financial inclusion rate in Africa stood at an all-time low of 23% in 2011. A KYC...

Kenya’s digital economy affected as fiat currency performs poorly

According to CBK, inflation has increased from 5.73% in 2021 to 8.71% in 2023 and will experience another steep increase during the year. ...

UAE sets out a strategy to launch CBDC

The CBUAE has engaged with two companies, G42 Cloud and R3, to support the implementation of a Central Bank Digital Currency The first...

The UK searches for head of CBDC, edges closer to a digital Pound Sterling

The Bank of England is working with His Majesty's Treasury to explore the feasibility of a CBDC A recent post on LinkedIn revealed...

South Africa inches closer to a CBDC fast follower nation

Speaking at the World Economic Forum in Davos, Switzerland, the governor outlined South Africa's plans to roll out a CBDC The apex bank...

The state of crypto and CBDC adoption in Tanzania

President Hassan's comments and actions on improving Tanzania's cryptocurrency reflect how open she is to foreign investment The Bank of Tanzania has sent...

Morocco: Central bank to unveil a cryptocurrency regulation bill

Morocco recently announced, through its Central Bank, that it would soon unveil a Cryptocurrency Regulation Bill Morocco was the first African country to...