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Ghana VP: Blockchain could save Africa billions of dollars
Vice President Mahamudu Bawumia pledged to make Ghana the first country whose government is powered by blockchain and urged other African countries to follow suit to eradicate corruption.
Vice President Mahamudu Bawumia pledged to make Ghana the first country whose government is powered by blockchain and urged other African countries to follow suit to eradicate corruption.
VX Technologies Executive Director of Global Partnerships Catherine Lephoto returns on this week’s CoinGeek Conversations to shed light on AlphaDAPP, which has the potential to be a game-changer not only for Africa but for countries worldwide.
The Central Bank of Nigeria has called on innovators in the fintech space to apply with the recently launched regulatory sandbox, with Ghana’s central bank announcing a similar project.
Morocco lifted the ban on digital assets, Kenya is now taxing Bitcoin, Nigeria drafted its first law recognizing Bitcoin, Zambia delved into CBDCs and more.
In a recent interview, the head of fintech at the Bank of Ghana backed state bank-backed digital currencies, saying that data generated by CBDC transactions optimizes credit opportunities.
Jefferson Noel delves into the importance of financial literacy amid growing interest in digital assets and seeks to help common people gain insight into the industry through his Crypto Convos.
The Zambian central bank has been conducting research on a central bank digital currency, an executive told Bloomberg, weeks after it issued a warning against digital currencies.
2021 had it all in Africa for digital currencies—adoption soared by 1,200% as Kenya led global P2P trades, but there was the bad as well, like a $3.8B scam.
The Bank of Ghana recently announced that it had partnered with a German firm for the design and implementation of the digital cedi.
Dr. Mahamudu Bawumia stated that adopting a single central payment would finally rectify the challenges that stifle cross-border trade in the region.
The Ghanaian central bank is in advanced stages in its development of a central bank digital currency, with a pilot set to start in September.
Central bank governor Dr. Ernest Addison confirmed that the digital cedi project is now “in the advanced stages,” noting there is a need to approach the project in phases.