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 Rwandan central bank proceeds with ambitious retail CBDC project

Rwandan central bank proceeds with ambitious retail CBDC project


Published: 2024-05-09


1. Feasibility study on retail CBDC in Rwanda: The article discusses the feasibility study conducted by the National Bank of Rwanda (BNR) regarding a retail Central Bank Digital Currency (CBDC). The study aims to explore the potential benefits and challenges of introducing a retail CBDC in Rwanda,highlighting the growing interest in digital currencies in the African continent.

2. Potential benefits of retail CBDC: According to the article,the potential benefits of a retail CBDC in Rwanda include improving financial inclusion,enhancing the efficiency of the payment system,reducing the cost of financial transactions,and promoting economic growth. The study underscores the importance of exploring innovative solutions to address financial challenges and support economic development in the country.

3. Challenges and considerations: The article also explores the challenges and considerations associated with introducing a retail CBDC in Rwanda. These include ensuring data security and privacy,addressing regulatory and compliance issues,managing financial stability risks,and educating the public about the benefits and risks of using digital currencies. The study acknowledges the importance of a comprehensive and inclusive approach to developing and implementing a retail CBDC in Rwanda.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 BTC title=BTC 66,342.61 1,425,306,177.72
2 ARS title=ARS 1,106.70 797,871,980.40
3 ETH title=ETH 3,068.38 708,805,190.51
4 SOL title=SOL 175.61 632,227,309.58
5 PEPE title=PEPE <0.01 216,909,262.17
6 WIF title=WIF 2.63 165,039,612.38
7 BONK title=BONK <0.01 123,671,889.41
8 DOGE title=DOGE 0.15 122,257,511.27
9 RUNE title=RUNE 6.84 101,522,664.86
10 LINK title=LINK 16.71 95,768,798.27
11 XRP title=XRP 0.51 85,869,405.69
12 NEAR title=NEAR 7.93 78,539,154.28
13 FTM title=FTM 0.84 77,706,028.01
14 RNDR title=RNDR 10.06 76,553,830.44
15 BOME title=BOME 0.01 75,133,735.38
16 CREAM title=CREAM 81.19 69,625,859.17
17 ENA title=ENA 0.71 56,822,255.12
18 ORDI title=ORDI 39.40 53,424,417.29
19 PYTH title=PYTH 0.39 50,287,898.68
20 FLOKI title=FLOKI <0.01 49,569,131.18
21 PEOPLE title=PEOPLE 0.04 45,795,461.42
22 AVAX title=AVAX 35.51 45,568,571.88
23 WLD title=WLD 4.72 40,764,272.23
24 ADA title=ADA 0.46 38,189,240.15
25 ICP title=ICP 12.48 37,472,494.37
26 AR title=AR 48.04 35,499,770.92
27 FIL title=FIL 5.50 34,215,889.06
28 BCH title=BCH 477.10 33,138,849.79

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 Cream title=CREAM 81.19 +41.08
2 Harvest Finance title=FARM 77.05 +15.83
3 Unifi Protocol DAO title=UNFI 4.60 +14.31
4 Ooki title=OOKI <0.01 +5.84
5 Phala title=PHA 0.20 +5.48
6 Pendle title=PENDLE 5.09 +5.10
7 Arweave title=AR 48.04 +2.02
8 THORChain title=RUNE 6.84 +2.00
9 Biconomy title=BICO 0.53 +1.94
10 Gnosis title=GNO 304.30 +1.94
11 Chainlink title=LINK 16.71 +1.82
12 dogwifhat title=WIF 2.63 +1.74
13 BinaryX title=BNX 1.03 +1.63
14 Solana title=SOL 175.61 +1.43
15 PAX Gold title=PAXG 2,410.00 +1.13
16 Arkham title=ARKM 2.41 +1.09
17 ARK title=ARK 0.82 +1.02
18 Viction title=VIC 0.44 +0.85
19 NEAR Protocol title=NEAR 7.93 +0.24
20 Raydium title=RAY 1.87 +0.07
21 Lido DAO title=LDO 1.73 +0.06
22 Theta Network title=THETA 2.19 +0.05

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 Bluzelle title=BLZ 0.27 -12.52
2 Pyth Network title=PYTH 0.39 -9.85
3 Manchester City Fan Token title=CITY 3.07 -9.83
4 Manta Network title=MANTA 1.42 -9.23
5 DIA title=DIA 0.45 -9.15
6 Saga title=SAGA 1.99 -8.87
7 Tensor title=TNSR 0.80 -8.85
8 Portal title=PORTAL 0.72 -8.74
9 Celestia title=TIA 8.60 -8.61
10 Fusionist title=ACE 4.41 -8.34
11 0x Protocol title=ZRX 0.54 -8.24
12 Beta Finance title=BETA 0.06 -8.08
13 Omni Network title=OMNI 13.47 -7.80
14 Lisk title=LSK 1.72 -7.63
15 Bounce title=AUCTION 13.48 -7.35
16 Marlin title=POND 0.02 -7.28
17 Yield Guild Games title=YGG 0.84 -7.23
18 Pixels title=PIXEL 0.34 -7.04
19 ForTube title=FOR 0.02 -7.00
20 Bonk title=BONK <0.01 -6.71
21 Renzo title=REZ 0.10 -6.71
22 Kusama title=KSM 28.57 -6.30
23 Grok title=XAI 0.59 -6.30
24 Alchemix title=ALCX 23.40 -6.18
25 NFPrompt title=NFP 0.43 -5.99
26 Sleepless AI title=AI 0.99 -5.83
27 Massive Protocol title=MAV 0.35 -5.81
28 Filecoin title=FIL 5.50 -5.79
29 eCash title=XEC <0.01 -5.75
30 Blur title=BLUR 0.35 -5.75

Bitcoin's Greed and Fear Index.

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70
Greed

Global CryptoCurrency News

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4 Pumpfun exploiter claims he was arrested in UK and now on bail 2024-05-20
5 Spot Ether ETFs will come down to a 5 person vote Gensler the decider 2024-05-20
6 5 of 7 on chain indicators suggest the bull run is just beginning 2024-05-20
7 Microsoft faces multibillion dollar fine in EU over Bing AI 2024-05-19
8 Bitcoins 669K price holds strong casts doubts on a deep correction 2024-05-19
9 Phantom Wallet climbs Apple app store charts Bullish sign for Solana 2024-05-19
10 XRPL on chain transactions jump 108 in Q1 2024 2024-05-19
11 Venezuela bans crypto mining to protect power grid 2024-05-19
12 Bitcoin clings to 67K but analysis warns of 10 BTC price drop next 2024-05-19
13 Tornado Cash verdict has chilling implications for crypto industry 2024-05-19
14 OpenAI leadership responds to former employee safety allegations 2024-05-19
15 Microsoft faces multi billion dollar fine in EU over Bing AI 2024-05-19
16 Bitcoin039s 669K price holds strong casts doubts on a 039deep correction039 2024-05-19
17 Crypto personality pleads guilty to fraud after promising 60 fictitious returns 2024-05-18
18 Aussie admits to promoting BitConnect crypto services without a license 2024-05-18
19 If SEC approves spot Ether ETFs many will be caught severely offside 2024-05-18
20 Genesis Global secures court approval for 3B payout 2024-05-18
21 US authorities bust 73M crypto scam make two arrests 2024-05-18
22 AI safety researchers leave OpenAI over prioritization concerns 2024-05-18
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24 LayerZero identifies over 800K addresses in sybil self reporting phase 2024-05-18
25 Godfather of AI advises UK government to start UBI 2024-05-18
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27 Tornado Cash founder sent to prison DeFis EU struggles Finance Redefined 2024-05-18
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US news that has a significant impact on the market

at news day date time
1 FOMC Member Bostic Speaks Monday 20-05-2024 12:30
2 FOMC Member Bostic Speaks Monday 20-05-2024 13:45
3 FOMC Member Waller Speaks Monday 20-05-2024 14:00
4 FOMC Member Barr Speaks Monday 20-05-2024 14:00
5 FOMC Member Jefferson Speaks Monday 20-05-2024 15:30
6 FOMC Member Mester Speaks Monday 20-05-2024 19:00
7 Treasury Sec Yellen Speaks Tuesday 21-05-2024 09:00
8 FOMC Member Waller Speaks Tuesday 21-05-2024 14:00
9 FOMC Member Barkin Speaks Tuesday 21-05-2024 14:00
10 FOMC Member Williams Speaks Tuesday 21-05-2024 14:05
11 FOMC Member Bostic Speaks Tuesday 21-05-2024 14:10
12 FOMC Member Barr Speaks Tuesday 21-05-2024 16:45
13 FOMC Member Mester Speaks Wednesday 22-05-2024 00:00
14 Existing Home Sales Wednesday 22-05-2024 15:00
15 Crude Oil Inventories Wednesday 22-05-2024 15:30
16 FOMC Meeting Minutes Wednesday 22-05-2024 19:00
17 Unemployment Claims Thursday 23-05-2024 13:30
18 Flash Manufacturing PMI Thursday 23-05-2024 14:45
19 Flash Services PMI Thursday 23-05-2024 14:45
20 New Home Sales Thursday 23-05-2024 15:00
21 Natural Gas Storage Thursday 23-05-2024 15:30
22 FOMC Member Bostic Speaks Thursday 23-05-2024 20:00
23 Core Durable Goods Orders m/m Friday 24-05-2024 13:30
24 Durable Goods Orders m/m Friday 24-05-2024 13:30
25 FOMC Member Waller Speaks Friday 24-05-2024 14:35
26 Revised UoM Consumer Sentiment Friday 24-05-2024 15:00
27 Revised UoM Inflation Expectations Friday 24-05-2024 15:00

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