Rwanda embarks on it's own cryptocurrency



The government of Rwanda has decided to embark on its cryptocurrency. In its report, the National Bank of Rwanda plans to adapt the models of central banks of Canada, Singapore, and the Netherlands, in the area of block-chain technology. They intend to use the digital currency to boost the country's currency.

Though there are concerns about how the government plans to convert the country's currency to digital currency but either way, this is a new welcomed development on the Africa continent. While industry experts believe that cryptocurrency will be around for years, there are still concerns that need to be addressed but it’s a nice development in the tech world of Africa.





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