Tezos (XTZ) Outperforms in 2020: Here are the Key Drivers

14m
cryptocurrencynews

US SEC to Decide on Last Remaining Bitcoin ETF in 1 Week

21m
bitcoinist

Bitcoin Halving Overhyped: Previous Cycle Led to Another 6-Month...

21m
newsbtc

Why Crypto Lending is About to Take Off in 2020

21m
cryptodaily

Future Samsung Phones to Come Equipped with Digital Wallets

22m
livebitcoinnews

Bitcoin Gold Is Held Captive by Whale With Almost Half the Supply

27m
cointelegraph

Irish Authorities Confiscate $56 Million Worth Of Bitcoin From Cannabis Dealer

1h
zycrypto

'Bitcoin (BTC) Isn't Money and Never Will Be,' Says Block.one CEO Brendan Blumer

1h
utoday

Brazil Central Bank Launches ‘Immediate Fee System’ To Rival Bitcoin

1h
coingape

Crypto’s Top Exec Thinks This Key Mining Factor Will Drive...

1h
newsbtc

Coinbase Becomes First 'Pure' Crypto Firm to Become Visa Principal Member

1h
cryptoglobe

‘Own and Control Your DNA Data’: The New Use for Nonfungible Tokens

2h
cointelegraph

Seven Signs of Bitcoin (BTC) Bullish Market Pointed Out By Trader

2h
utoday

Mt. Gox Victims Could Soon See 88% of Losses Returned

2h
bitcoinist

Ethereum (ETH) Geth Client New Version: Here's What They Upgraded

2h
utoday

Price Analysis Feb 19: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LINK

2h
cointelegraph

How Much Has the Government Spent at Trump’s Properties? It Won’t Say.

2h
bitcoinwarrior

$1,300 per Bitcoin (BTC): Fortress Has New Buyout Proposal for Mt. Gox Victims

2h
utoday

Report: IRS Wants to Meet with Cryptocurrency Groups at March Summit

2h
dcebrief

SEC Nails Enigma ICO: Orders Refund, Registration and Fine

2h
cointelegraph

Bitcoin-Only Exchange Coinfloor Now Focuses on Consumer BTC Services

2h
cointelegraph

Ethereum Inches Higher – Why The ETH Rally Is Just Getting Started

2h
zycrypto

First Bitcoin (BTC) Mining Facility Opened by Peter Thiel-Backed Layer1

2h
utoday

Ethereum Price and Technical Market Analysis February 19th, 2020

3h
bitcoinnews

Visa Is Teaming Up With Coinbase To Issue Bitcoin, Ethereum and XRP Debit Cards

3h
zycrypto


Rwanda Reportedly Considering National Digital Currency

dcebrief

6mon ago

The National Bank of Rwanda is studying options for issuing its own central bank digital currency (CBDC), BNN Bloomberg reports. The central bank is reportedly interested in seeing whether it can take advantage of the technology’s potential benefits to improve financial transaction speed and efficiency and expand the country’s economy growth.

In a recent interview, Financial Stability Director-General Peace Masozera Uwase confirmed that the central bank will be reviewing studies and tests conducted by other central banks in countries like Canada, the Netherlands, and Singapore, to possibly learn from their own experiences with blockchain technology. Uwase noted that the Rwandan central bank has its own questions and concerns that will need to be addressed before any CBDC can be issued:

“There are still concerns about how exactly you convert the entire currency into digital form, how to distribute that and how fast can you process those transactions. Challenges come in, if technology is down how do you deal with such issues? “We will join in once we are ready.”

Rwanda joins a host of other nations around the world that have expressed interest in the potential benefits of a national digital currency. Venezuela launched its Petro cryptocurrency last year, and Uruguay is reportedly already testing its own CBDC. Meanwhile, China recently claimed that its five-year study and development of a national digital currency is complete, and its digitized currency is now ready.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments