{"id":13394,"date":"2021-10-20T09:54:10","date_gmt":"2021-10-20T09:54:10","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/ghana-central-bank-working-to-make-cbdc-available-to-offline-users\/"},"modified":"2021-10-20T09:54:10","modified_gmt":"2021-10-20T09:54:10","slug":"ghana-central-bank-working-to-make-cbdc-available-to-offline-users","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/ghana-central-bank-working-to-make-cbdc-available-to-offline-users\/","title":{"rendered":"Ghana Central Bank Working to Make CBDC Available to Offline Users"},"content":{"rendered":"<p><strong>The Ghanaian central bank is seeking to make its digital currency, the e-cedi, available to offline users, an official with the bank has said. <\/strong><\/p>\n<h2>Overcoming the Challenge of Limited Power<\/h2>\n<p>According to Kwame Oppong, who heads fintech and innovation at the Bank of Ghana (BOG), the e-cedi is also expected to facilitate transactions without the need for power or connectivity.<\/p>\n<p>\u201cFinancial inclusion is limited by the availability of connectivity and power. What we hope to be able to do \u2013 and we\u2019re one of the people pioneering this \u2013 is that the e-cedi would also be capable of being used in an offline environment through some smart cards,\u201d Oppong is quoted explaining.<\/p>\n<p>Although a majority of Ghanaians \u2014 84% of the population \u2014 is thought to have had access to electricity in 2019, according to World Bank Data only half of the country\u2019s population had access to the internet back then. It is this lack of internet access that has compelled the Bank of Ghana to seek a solution that overcomes this challenge.<\/p>\n<\/p>\n<p>As previously <a href=\"https:\/\/news.bitcoin.com\/bank-of-ghana-deputy-governor-says-central-bank-digital-currency-is-fiat-money-reveals-pilot-phase-will-start-september\/\">reported<\/a> by Bitcoin.com News, the Ghanaian central bank had planned to launch the e-cedi in September. However, it is still unclear if the digital currency has been rolled out. Similarly, at the time of publishing Bitcoin.com News has not received a response from a member of Ghana\u2019s blockchain association concerning the status of the e-cedi.<\/p>\n<p><em><strong>Is it possible for the BOG to enable offline transactions for its digital currency? Tell us what you think in the comments section below. <\/strong><\/em><\/p>\n<p>Bitcoin News<br \/>\nFintech, Bank of Ghana, CBDC, Digital Currency, e-cedi, Kwame Oppong, offline transactions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ghanaian central bank is seeking to make its digital currency, the e-cedi, available to offline users, an official with the bank has said. Overcoming the Challenge of Limited Power According to Kwame Oppong, who heads fintech and innovation at the Bank of Ghana (BOG), the e-cedi is also expected to facilitate transactions without the&hellip;<\/p>\n","protected":false},"author":0,"featured_media":13395,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-13394","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/13394"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=13394"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/13394\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/13395"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=13394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=13394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=13394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}