Report: Middle East and Africa’s Blockchain Spending to Surge 400% by 2023

Report: Middle East and Africa’s Blockchain Spending to Surge 400% by 2023

The International Data Corporation projects that Middle East and Africa’s blockchain spending would surge from $21 million in 2019 to $105 million by 2023. As global blockchain adoption is accelerating, countries in the Middle East and Africa (MEA) are forecasted to massively increase their spending on the tech in the next few years.According to a new report by United States-based market research firm International Data Corporation (IDC), governments across MEA will see a 400%…

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Ghana Exploring Digitized National Currency, Says Central Bank Exec

Ghana Exploring Digitized National Currency, Says Central Bank Exec

Ghana is exploring a central bank digital currency “with the possibility of issuing” an e-cedi in the near future. The Republic of Ghana is exploring the benefits of issuing a central bank digital currency (CBDC), the governor of the country’s central bank says.Ernest Addison, a Ghanaian economist currently serving as the governor of the Bank of Ghana (BoG), revealed that the bank is working with key stakeholders to explore a pilot CBDC project.In a…

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