Tag: mpesa in kenya
Kenya becomes a darling to Web3 and crypto promoters in Africa
To increase crypto awareness in Africa, various companies and countries have established several Web3 education programs in Kenya
EthSafari, an Ethereum-sponsored event, is...
Kenya: a focus on the central bank digital currency (CBDC) developments
The introduction of CBDCs would have far-reaching consequences for decades for households, businesses, and the monetary system. If successful, CBDCs will usher in a new era of money. Nonetheless, it is still early days. It is still hard to tell.
No generally applicable best practices or standards will ensure CBDC issuance’s eventual success. On the other hand, a maturity evaluation might help the CBK make decisions on CBDCs. This position informed the CBK’s decision to seek feedback from the public on the applicability of a CBDC in February 2022.