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

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

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.

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