South Africa's Digital Payments Roadmap Set to Incorporate Central Bank Digital Currencies (CBDC) and Stablecoins.

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The post South Africa’s digital payments roadmap includes CBDC, stablecoins appeared first on CoinGeek.

South Africa has a high financial inclusion rate, with 82% of the adult population having access to a bank account.

In May 2021, it embarked on a feasibility study for a retail CBDC, exploring how it would affect payments, monetary policy, and other aspects of the financial services sector.

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Article Details

Author / Journalist: Steve Kaaru

Category: Crypto

Markets: CanadaKenyaNigerNigeriaSouth Africa

Topics: Central Bank Digital Currency Regulation Stablecoin Business

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-28 @ 09:00:03 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 502 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 20807853

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