Ripple (XRP) Builds CBDC Platform For Govt and Financial Institutions.
Payment network Ripple is set to launch a central bank digital currency (CBDC) platform which allows central banks, governments, and financial institutions to issue their own digital currency. Using Ripple’s platform, government institutions can manage and customize the entire life…
eNaira CBDC: Central Bank of Nigeria Introduces Voucher And USSD Features.
The Central Bank of Nigeria (CBN) has announced the development of eNaira enhanced services to address challenges faced by unbanked Nigerians. The initiative enables customers to use the unstructured supplementary service data (USSD) code *997*50# to carry out all banking…
Nigeria eNaira CBDC Facing Challenges, CBN Contracts US Firm To Improve The Digital Currency.
Following continuous actions to create an efficient digital currency, the Central Bank of Nigeria is turning to a New York tech firm to revamp the underlying technology. According to a Bloomberg report, the CBN is in talks with new ‘technology…
CBN Asks University Students To Pay School Fees With eNaira, As Nigeria CBDC Records 8 Billion Worth Of Transactions. Tops PwC Global CBDC chart.
The Governor of the Central Bank of Nigeria, Godwin Emefiele, says the eNaira has recorded 700,000 transactions valued at N8 billion since its inauguration on Oct. 25, 2021. The apex regulatory bank asked university students to pay school fees with…
Zimbabwe’s University To Develop Central Bank Digital Currency.
The vice chancellor, Harare Institute of Technology in Zimbabwe, Quinton Kanhukamwe has revealed that it is developing a central bank digital currency (CBDC). Kanhukamwe stated the proposed CBDC would aid in the eradication of issues such as currency manipulation, cash…
Nigeria’s CBDC, The eNaira Not Fully Accepted, One Year After Launch.
Nigeria celebrated the e-naira’s first anniversary on October 25, critics claim that the average Nigerian has not adopted Africa’s first central bank digital currency (CBDC). They point to the e-naira wallet’s relatively low number of downloads as well as the…
Reserve Bank of Zimbabwe Develops a Roadmap for the Adoption of CBDC
The governor of the Zimbabwean central bank, John Mangudya, recently said that the country’s apex bank “has developed a roadmap for adoption of CBDC [central bank digital currency] in Zimbabwe.” Following the public notice about the Reserve Bank of Zimbabwe…
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…
Cameroon and Congo to Adopt TON Blockchain for Building the Country’s National Stablecoin
Cameroon and the Democratic Republic of the Congo (DRC) recently disclosed plans to adopt TON, the layer-1 proof-of-stake blockchain, as the cryptocurrency and blockchain to drive future national economic progress. Congo is also reportedly considering launching a new national stablecoin…