Hi Quartz Africa readers!As the world embraces digital payments, and cryptocurrencies and stablecoins rise in popularity, cash faces an uncertain future. Central banks around the world are considering adopting their own digital currencies as a result. And Africa is taking a leading role in these discussions.Central bank digital currencies, or CBDCs, are the virtual format of a country’s or region’s base currency. They are also a sign of governments’ acknowledgment that the appetite for digital currencies will only keep rising—even under unfavorable policies, as evidenced by the recent Nigerian bitcoin ban.Read the rest of this story on qz.com. Become a member to get unlimited access to Quart
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