Ghana May Launch Own Digital Currency

Speaking at the annual banking conference on November 26, Ernest Addison, Bank of Ghana Governor, informed that the Central Bank is discussing the launch of a pilot project with interested parties.

E-cedi can be launched in the near future and will expand the capabilities of existing electronic payment systems in the country, as they alone can`t cope with the flow of transactions.

Now Ghanaians often pay for goods and services with mobile money. The transaction volume grew to $1.4 billion from 2017 to 2018.

Digital currencies will improve the financial sector by redistributing cash flows, which will positively affect the business and help reorient to new user needs.

We already wrote about national currencies today. The former head of the People’s Bank of China spoke about plans to focus on the development of crypto yuan to simplify the retail payments system.

Neironix analytic agency — the latest news on cryptocurrency!