Bank of Ghana To Launch Pilot CBDC Project In Partnership With German Technology Firm

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tldr; Ghana has partnered with German company Giesecke + Devrient to pilot a retail Central Bank Digital Currency (CBDC) in the country. The CBDC is a digital version of physical cash, pegged to a local currency and made available to everyone, everywhere. It is intended to complement and serve as a digital alternative to physical cash. It aims to ensure a secure and robust payment infrastructure in Ghana.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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