Starting in February, Coinbase users in 20 African countries can buy USDC directly from the Coinbase Wallet App.
The country’s diamond mining partner, De Beers Group, recently launched a blockchain tracing system, Tracr, to verify if diamonds are ethically sourced.
The agreement gets Botswana an increased 30% fee of De Beers diamond mining.
Figures show 50% of countries with available data experienced an increase in consumer prices in March.
While some countries recorded improved inflation figures, the cost of living across the continent remains prohibitively high.
Further contractions in consumer prices suggest that central banks’ tactics to curb inflation are productive.
More than half of the surveyed central banks said the ability to provide cash in a digital form was the leading consideration for exploring CBDC.