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Crypto Can Complement Mobile Money in Africa, Kenyan Banker Says | Bloombergarchive.ph/ynzjS
103 sats \ 2 comments \ @KenyaCoin 18 May 2022 bitcoin
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0 sats \ 1 reply \ @KenyaCoin OP 18 May 2022
Many central banks on the continent have warned against trading cryptocurrency, while some have made it outright illegal. The Central African Republic is the only African nation to have adopted the digital assets.
“Cryptocurrency can as well complement the mobile money wallet, but essentially, we need to talk to the regulators.”
In Kenya, mobile money transactions -- which were only made possible through the willingness of the regulator to try out new technology -- have surpassed the use of hard currency. In the same way, the use of new technology can help increase Africa’s competitiveness because the continent lacks legacy systems.
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0 sats \ 0 replies \ @KenyaCoin OP 18 May 2022
This article is for a link to an archive of the article, which has no paywall, requires no subscription, and can be easier to read. The link to the original article, on the Bloomberg website is:
Crypto Can Complement Mobile Money in Africa, Kenyan Banker Says https://www.bloomberg.com/news/articles/2022-05-17/crypto-can-complement-mobile-money-in-africa-kenyan-banker-says
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