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Ghana to explore offline transactions for upcoming CBDC

Offline CBDC functionality will help bring financial services to Ghanans who lack access to bank accounts or an internet connection.
Ghana is working to develop offline capabilities for its forthcoming central bank digital currency (CBDC) in a bid to promote its use across all segments of Ghanan society.According to a Oct. 18 report from Bloomberg, Kwame Oppong, head of fintech and innovation at the Bank of Ghana (BoG), revealed that the country’s digital currency “e-cedi” will support offline transactions during the Ghana Economic Forum on Monday.Oppong emphasized that offline functionality will allow Ghanans who lack reliable access to electricity and internet connectivity to embrace the country’s CBDC, stating:“The e-cedi would also be capable of being used in an offline environment through some smart cards.”A smart card is a plastic credit card-sized card with a chip that allows its user to transact using a pre

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We współpracy z: https://cointelegraph.com/news/ghana-to-explore-offline-transactions-for-upcoming-cbdc

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