Tag "central bank digital currency (CBDC)"
Zimbabwe Issues Gold-Backed Digital Tokens Amid Plummeting Currency Value
Zimbabwe has received a total of 241 applications valued at about ZW$22 billion for the sale of its gold-backed digital tokens, data from the central bank show. The sum represents a total value of about US$11.7 million, based on rates
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Central Bank of Eswatini Partners With G+D to Develop Its Digital Currency
The Central Bank of Eswatini has partnered with German payments company Giesecke+Devrient (G+D) to research and explore the development of a central bank digital currency (CBDC). G+D’s appointment stems from the completion of the first phase of a CBDC diagnostic
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Clickatell Enables Nigerians to Access eNaira Services Even Without Mobile Data
Chat commerce platform Clickatell has partnered with the Central Bank of Nigeria (CBN) to launch a USSD channel for the eNaira to enable Nigerians to access their eNaira wallet without the need for mobile data. The new USSD channel allows
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Flutterwave Merchants Can Now Accept Payments in Digital Currency eNaira
Flutterwave merchants can now process payments in eNaira, the Nigerian digital currency issued and distributed by the Central Bank of Nigeria. The self-service payment method is available to all Flutterwave merchants who want to collect Nigerian Naira (NGN) from customers
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Nigeria Top Retail Central Bank Digital Currency Leaderboard
PwC’s 2022 Global CBDC Index and Stablecoin Overview has ranked Nigeria at the top of the retail leaderboard, recognizing the work done by the Central Bank of Nigeria (CBN) in developing and deploying the eNaira, a digital form of the
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Why Are 80% of Central Banks Looking into Digital Currencies?
In 2019, 80% of central banks were engaged in work related to central bank digital currency (CBDC), compared with 70% the previous year. Amongst these, 40% had progressed from conceptual research to experiments or proofs-of-concept, and 10% had developed pilot
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