CBDC | Blockchain Solutions Platform, Gluwa, Meets Vice President of Ghana as it Explores Providing Adoption Support for the eCedi CBDC

The meeting follows other similar developments in Nigeria, where Gluwa recently began working with the Central Bank of Nigeria as an official Partner Agent on its CBDC, the eNaira.

In the company’s latest foray across the continent, Gluwa’s CEO, Tae Oh, paid a courtesy visit to the Vice President of Ghana, Mahamudu Bawumia, to discuss technological opportunities within the country for improving financial inclusivity.

Gluwa took the opportunity to discuss the ongoing development of Ghana’s Central Bank Digital Currency (CBDC) with the Ghanaian Vice President, Mahamudu Bawumia.

In addition to providing support for the development and adoption of its CBDC, Gluwa also introduced its latest technological solution, a satellite-based Internet Service Provider (ISP) designed to expand digital access across Africa.

“The complementary integration of CBDCs with a satellite-based ISP aims to increase financial access within Ghana and provide a robust foundation for expanding both digital and financial economic opportunities within the country.”

Ghanaian officials have been adamant that the eCedi should be usable by all and sundry including having the ability to enhance financial inclusion in rural areas. Part of THE pilot studies for the eCedi have included an offline experiment, testing the applicability of the eCedi in situations where internet connectivity may be limited or unreliable.

The company recently entered into an agreement with the Central Bank of Nigeria to help drive increased adoption of the eNaira central bank digital currency (CBDC). Under that partnership, Gluwa will integrate its Credal technology into the eNaira platform. The intention is to facilitate the establishment of ‘credit reputations’ for eNaira users, thereby advancing financial inclusion.

The company is also said to be investigating the potential of developing a Central Bank Digital Currency (CBDC) for Liberia.

“Gluwa’s CEO Tae Oh’s meetings with top officials within African countries serve as humbling opportunities to learn more about each government’s commitment to economic growth and inclusion through technological solutions,” the company said.





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