Ghana To Support New Digital Currency With Hardware Wallets

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The Central Bank of Ghana has proposed hardware wallets to support new digital currency, the eCedi and said its a major factor for the currency

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The proposal also states that this will attempt to bring currency to citizens without a bank account or even internet access

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With digital payments it is expected to help formalize the African economy.

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As per the reports, 43% of Ghana’s population still doesn’t have access to bank account and this move will offer smart card or offline wallets to individuals

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Though the bank did not mention how this would be achieved, it said that the banking app would be the most ideal way to use eCedi.

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