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

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

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

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

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.