Kenyan Central Bank Governor Believes CBDC May Lead to Financial Exclusion
According to Patrick Njoroge, the governor of the Kenyan central bank, the significant number of non-smartphones that are in use in Kenya due to high adoption of mobile phone banking means launching a central bank digital currency (CBDC) now, could…
Tanzania Finance Officials Call For Clear Global Concensus on CBDC
Tanzania’s finance officials have called for a clearer global consensus on central bank digital currencies (CBDCs) and crypto-assets before final decisions are made by its government and world bodies. Interoperability of CBDCs Earlier before now, Tanzanian President Samia Suluhu Hassan…
Understanding Stablecoins
A stablecoin is basically a cryptocurrency that’s designed to mimic the value of another currency (usually fiat).
Stablecoin Tether USDT Shades $2 Billion Dropping Behind XRP as the Fourth Largest Cryptocurrency.
Tether’s Stablecoin USDT has lost $2 billion dropping from its third place as the third-largest cryptocurrency and is now the third-largest altcoin behind Ripple’s XRP.
The Scramble for the Number One Naira Stablecoin in Nigeria
Naira Stablecoin War — NSW A lot of questions arising on which stablecoin will be widely adopted in Nigeria. Let’s take a little discussion on the best two naira stablecoin we have in Nigeria currently. Since the increase in the…
Four Countries in Africa Looking to Create Central Bank Digital Currency to Achieve Financial Inclusion.
In a bid to achieve financial inclusion in the government, some African countries are looking into creating Central Bank Digital Currency . There is an increase in the growth of cryptocurency in Africa which has called for regulations due to…
Understanding What is Stablecoin Like ABCD stablecoin Pegged to Naira and How It Works.
Many at times we ask what is stablecoin and how it works. So now, you can read and understand what is stablecoin and how you can make money off stablecoins. Most cryptocurrencies are known to have a volatile price. Most…
Is ABCD the First Stablecoin in Africa That Will Go Mainstream.
Since after the announcement proposing the launch of ABCD, the claimed first stablecoin in Africa. There has been some misunderstanding concerning the first blockchain on which the stablecoin was created. Many platforms claim to be the first to develop the…