Jack Dorsey’s Block partners with African crypto exchange Yellow Card
The partnership is to facilitate cross-border payments in Africa based on Block’s infrastructure.
Ghana
Bank of Ghana delays CBDC launch due to the ‘dislocation of the economy’
The pilot of the project was successful but other factors have been responsible for the silence on the launch.
Inflation in Africa: Many countries continue to witness historically high consumer prices
While some countries recorded improved inflation figures, the cost of living across the continent remains prohibitively high.
IMF tells Ghana to stop borrowing from its central bank: report
The West African country must do this to access the loan it requested from the International Monetary Fund.
60% of African countries recorded lower consumer prices in December
Further contractions in consumer prices suggest that central banks’ tactics to curb inflation are productive.
Bitcoin-powered remittances from Europe to African bank accounts are now possible
African cryptocurrency company Bitnob has partnered with European exchange CoinCorner to facilitate remittances over the Lightning Network.
BIS survey finds differing motivations in African CBDC adoption
More than half of the surveyed central banks said the ability to provide cash in a digital form was the leading consideration for exploring CBDC.