Blockchain-based financial platform Gluwa says it is currently investigating the potential of developing a Central Bank Digital Currency (CBDC) for Liberia.
Gluwa’s CEO, Tae Oh, met the President of Liberia, Joseph Boakai, to discuss enhancements to Liberia’s financial and internet connectivity infrastructure.
President of Liberia 🇱🇷, Joseph Boakai, pictured with Tae Oh, Gluwa CEO, @taelimoh, and Akin Jones, Director of @Gluwa pic.twitter.com/j1SCaWT6lB
— BitKE (@BitcoinKE) March 18, 2024
According to the company, the initiative would require extensive compatibility with Liberia’s existing mobile money system, as President Boakai recognizes its critical role in Liberia’s digital economy.
Gluwa also proposed the introduction of a satellite-based Internet Service Provider (ISP) specifically designed to extend low-cost internet connectivity to rural areas. Gluwa’s ISP solution also aims to provide the necessary infrastructure to support the complementary usage and accessibility of the country’s CBDC solution, and as a result, enhance overall accessibility to digital financial services across the country.
Gluwa is an RWA platform, connecting capital from developed markets to emerging market lending opportunities using blockchain technology.
“By providing the decentralized infrastructure rails to raise and disburse capital anywhere in the world, and securing immutable credit data on CreditCoin, Gluwa is empowering a new generation of users with the economic tools, information and accessibility they need to thrive, redefining the way we think about global capital markets.”
– Gluwa
The company recently entered 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.
🇳🇬PARTNERSHIP | Central Bank of Nigeria Partners with Blockchain Solutions Provider, Gluwa, to Integrate Credit Rating Tech to e-Naira CBDC
Gluwa, a blockchain-based financial platform that has been operational in Nigeria for several years, will integrate its Credal technology… pic.twitter.com/JrvTOEuM13
— BitKE (@BitcoinKE) March 8, 2024
Gluwa also recently met with the Nigerian Vice President, Kashim Shettima, and aims to collaborate with him on how to best contribute to the financial and creative industries for the country’s broader digital transformation plans.
Gluwa CEO, @taelimoh, engages in a courtesy visit with the Vice President of #Nigeria 🇳🇬, Kashim Shettima.https://t.co/yXjni9DlnD @Gluwa pic.twitter.com/cbwMMDZiy6
— BitKE (@BitcoinKE) March 11, 2024
“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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