[WATCH] Which Way for the Kenyan CBDC? – A Chat with Governor, Central Bank of Kenya

In February 2022, the Central Bank of Kenya (CBK) published a discusion paper examining the applicability of a potential Central Bank Digital Currency (CBDC) in Kenya.

The paper details the following aspects of a possible Kenyan CBDC:

CBDC opportunities and risks
Key elements for consideration
Use case for a Kenyan CBDC

In a quest to further understand the CBDC and its implications, NTV, one of the largest broadcasting television stations in Kenya and East Africa, sits down with the Governor for a breakdown of the CBDC.

CBDC is a digital currency issued by the central bank and intended to serve as legal tender.

______________________________________________________________________

DETAILS:

TOPIC: CBDC – Which Way for Kenya?

TIME: 7.30 PM EAT / 6.30 PM SAST / 5.30 PM WAT

According to CBK, the consideration to introduce a CBDC in the payment systems in Kenya would not majorly focus on enhancing access to financial services given the existing and growing penetration of mobile money which is already robust, inclusive, and highly active. The consideration could however target:

Cost reduction
Interoperability
Enhancing cross-border payments

It will be interesting to hear the Governor’s take on the CBDC and how the central bank intends to roll it out once it confirms its implementation.

______________________________________________________________________

Thank you for your support by helping us create content:

BTC address: 3CW75kjLYu7WpELdaqTv722vbobUswVtxT

ERC20 Address: 0x03139524428e40E31f13909f8D994C915FB91277

SOL address: 9cC65AWFHj848kntcoyiT8av3jiRQEqyTTmBR1GvVUb

____________________________________________________________________

Follow us on Twitter for the latest posts and updates

Join and interact with our Telegram community

_____________________

Subscribe to our YouTube channel below for more updates:

_____________________________________________________________

Source

Related