The Central Bank of Kenya (CBK) is open to the idea of a central bank digital currency (CBDC). Even so, considering the fading allure of CBDCs globally and the availability of alternative payment solutions in the East African nation, the central bank has, in a press release on June 2, said implementing a digitized version of the Kenyan Shilling is not their immediate priority. Kenya: CBDCs Have Its Benefits But Is Not Our Priority Kenya is open to using blockchain technology and has even explored the potential of a Central Bank Digital Currency (CBDC). In February 2022, the CBK asked for public
The Central Bank of Kenya (CBK) stated a potential CBDC may positively impression the native monetary system. Nonetheless, the establishment launched a dialogue paper to search out out what most... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to…
Kenya’s central bank is requesting public feedback on the applicability of a potential digital Kenyan shilling The bank said CBDCs were receiving “more attention than ever before” The Central Bank of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go…