Across the world, central banks are starting to see the advantages of Central Bank Digital Currencies (CBDC’s). 90% of central banks in the world are exploring issuing a digital currency, with a growing number of them being on the African continent. As more African central banks explore the feasibility and advantages of Central Bank Digital Currencies (CBDC’s) through trials and research there is a clear need for Pan African collaboration.
The inaugural Algorand-UCT Financial Innovation Hub CBDC workshop brings together representatives from various African Central Banks, leading academics, and representatives from industry to discuss the impact of CBDC’s and ongoing payment innovations. The workshop will have two panel sessions that explore African Central Banks and their Digital Currencies and CBDC’s and ongoing payments innovation.