Kenya Is Considering Using a Central Bank Digital Currency

Quartz

“The Central Bank of Kenya (CBK) has issued a discussion paper assessing the applicability of a central bank digital currency (CBDC) in the country and seeking comment from the public on the technology. The move indicates that the country is considering adopting the technology but also raises questions on the effectiveness of having a CBDC in a country with a real-time payment system such as mobile money.”