It has been reported today that the Rwandan Central Bank is said to be looking into a digital currency. The national bank wants to learn from the experiences of central banks such as the Royal Bank of Canada, Singapore (MAS) and the Netherlands (DNB), which have tested the use of blockchain technology recently. “There are still concerns about how exactly you convert the entire currency into digital form, how to distribute that and how fast can you process those transactions,” Uwase said. “Challenges come in, if technology is down how do you deal with such issues? “We will join in once we are ready.” (Source: Bloomberg) Recently central banks around the world have been seriously stepping up their efforts to keep up with the likes of Bitcoin. China’s PBoC is the latest bank to press ahead with the issue and are said to issuing their project before Facebook’s Libra. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next “Short term fluctuations are meaningless,” John McAfee calms investors after Bitcoin’s slide under $10,000 FX Street 4 years It has been reported today that the Rwandan Central Bank is said to be looking into a digital currency. The national bank wants to learn from the experiences of central banks such as the Royal Bank of Canada, Singapore (MAS) and the Netherlands (DNB), which have tested the use of blockchain technology recently. "There are still concerns about how exactly you convert the entire currency into digital form, how to distribute that and how fast can you process those transactions," Uwase said. "Challenges come in, if technology is down how do you deal with such issues? "We will join in… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
