• bitcoinBitcoin$56,984.004.97%
  • ethereumEthereum$4,322.506.16%
  • ElrondElrond$402.93-0.67%

Ghana Looks at Offline Functionality for Upcoming CBDC

It seems that Ghana has begun working on making its forthcoming CBDC one that can also work offline, which would make its possible use wider in the Ghanaian society.

Kwame Oppong, head of fintech and innovation at the Bank of Ghana (BoG), said that the e-cedi will also have support for offline transactions.

He has also mentioned that as a result of this offline feature, Ghanaian residents who don’t have access to the Internet or don’t enjoy a constant source of electricity will be able to use the CBDC. This will be possible thanks to smart cards.

About 84% of Ghanaians enjoy stable access to electricity, but only 53% have reliable access to the Internet.

Previous articleNext article

Leave a Reply

Your email address will not be published. Required fields are marked *