Kategooria: financial inclusion

New Naira Banknotes to Make Monetary Policy More Effective — Nigerian Central Bank Governor

The Central Bank of Nigeria governor, Godwin Emefiele, has said the newly designed naira banknotes are set to enhance the effectiveness of the organization’s monetary policy and bolster the financial inclusion cause. Forcing Currency Hoarders to Return to the Banking System......

Nigeria’s Rising Inflation and Foreign Exchange Shortages Fueling Devaluation Speculation — IMF Mission

According to the International Monetary Fund (IMF)’s mission concluding statement, Nigeria’s rising inflation rate as well as the continuing shortage of foreign currency are fueling the naira devaluation speculations. To achieve a unified naira exchange rate, the global lender said Nigeria......

Senator Indira Kempis Proposes Bill to Make Bitcoin Legal Tender in Mexico

Indira Kempis, senator of the Mexican Congress, has proposed a bill that would make bitcoin legal tender in the country. The bill bases its action on the hardships that Mexican citizens are facing went trying to access financial products and education.......

Ghana CBDC areng: Uues keskpanga dokumendis tuuakse välja digitaalvaluuta emiteerimise peamised motiivid

In a recently released document, the Bank of Ghana (BOG) outlines some of its key reasons for developing the central bank digital currency (CBDC). Samuti, in the document, the banks governor insists the institution is open to suggestions that will help......

Crypto’s Sanction-Slipping Power: Why Bitcoin’s Neutrality Is Its Greatest Humanitarian Asset

Decentralized networks such as Bitcoins dont know national allegiance, they only know math. And when youre trying to get your savings out of an ATM, or send a payment to relatives in a war-torn environment, someone elses politics is the last......

US Senator on Crypto: We Need Real Solutions to Make the Financial System Work for Everyone, Not Just the Wealthy

USA. Senator Elizabeth Warren has argued that cryptocurrency is not a path to financial inclusion like crypto advocates claim. “Bitcoin ownership is even more concentrated within the top 1% than dollars,” ta ütles, emphasizing the need forreal solutions to make......

Nigerian Experts: CBDC Still Unattractive to Users Despite Claim of ‘Excellent’ Adoption Rate

Nigerian blockchain and cryptocurrency experts have suggested that many prospective users will only consider adopting the e-naira once the central bank has done enough to make the CBDC (keskpanga digitaalne valuuta) an attractive option to use. E-Naira Still Unattractive to......

South African Fintech Raises $120 Million in Funding Round Led by Fidelity

A South Africa and London-based fintech startup, JUMO, recently revealed it has raised $120 million in a funding round led by Fidelity Management & Research Company. AI-Powered Financial Services According to a report by Techcrunch, financial services giant Visa and Kingsway......

Nigerian Experts Insist Africa’s First CBDC Is Presently Not for the Unbanked

While the Central Bank of Nigeria (CBN) continues to tout the e-nairas credentials as a tool for fostering financial inclusion, some experts agree that this central bank digital currency (CBDC) is presently not doing this. The CBDCs Chaotic Start This assertion......

Nigeeria keskpanga president ütles, et CBDC käivitub vaid paari päeva pärast

The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has confirmed the countrys upcoming digital currency will be launchedin a couple of days from now.According to the governor, the digital currency which is also known as the......