๐ M-Pesa meets blockchain

Plus: ๐ฌ๐ญ Ghana brings crypto into its regulatory perimeter with a new VASP law; ๐ฟ๐ฆ South Africaโs central bank says CBDCs matter โ just not right now
CBDC โ coverage and analysis.

Plus: ๐ฌ๐ญ Ghana brings crypto into its regulatory perimeter with a new VASP law; ๐ฟ๐ฆ South Africaโs central bank says CBDCs matter โ just not right now

The bank sees no need to deploy a retail CBDC anytime soon, but it will explore wholesale options.

The digital currency is backed by Ugandan treasury bonds and can be accessed via smartphones.

The IMF dissuaded the country from a quick launch, asking it to instead to prioritize improving its existing payment infrastructure.ย

Plus: ๐ฌ๐ญ Ghanaโs eCedi finally set for 2025 launch ๐ MiniPay Wins Web3 Award at Africa Tech Summit

This follows a two-year delay despite a successful pilot program.

Plus: ๐StarkWare launches $4M fund for African blockchain projects ๐ฐ๐ช South African startup 6DOT50 introduces crypto payment for car purchases ๐ Connect with Mariblock at ATS

As stated on its website, only licensed users can purchase cNGN directly from the platform, while others can access it through cryptocurrency exchanges like Busha and Quidax.

With the eCedi CBDC, the Bank of Ghana hopes to stay relevant in an increasingly digital world. The CBDC is also created for financial inclusion.