How Africa could become a world leader in central bank digital currencies ...Middle East

Quartz - Economy

Central banks around the world are looking to develop their own digital currencies, which use technology to represent a country’s official currency in digital form.Last year, the Bahamas launched one. In the past two months, Norway, Japan, Indonesia, Sweden and South Korea have announced digital currency trials. In Africa, the feasibility of the technology is being explored by Ghana, Morocco, Egypt, Kenya, and South Africa.Dr. Co-Pierre Georg, associate professor at the University of Cape Town (UCT), South Africa, is an expert on central bank digital currencies. He says Africa should take the lead in disrupting the global financial services system through the instrument, as the continent has

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Last updated : 01 June 2021 clock 01:26 PM

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How Africa could become a world leader in central bank digital currencies ...Middle East

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