According to Kwame Oppong, Head of Financial Technology and Innovation at the central bank, the digital currency can be deposited on smartphones, smartwatches as savings. In an interaction with Joy Business, Oppong revealed the central bank as part of its pilot of the digital currency will also see persons without smartphones gain access to their savings. It’s also important to mention that because it's digital, you can save beyond cards; you can also save it on smart devices such as smartwatches, smartphones. You can save [e-Cedi] on any device that is a smart device,” Oppong explained. The rollout of the digital currency for Ghana is expected to deepen the country's cash lite agenda which will complement other electronic payment systems such as mobile money.

Source: GhanaWeb September 02, 2021 07:52 UTC