, a senior bank official said on Friday.
“Is it financial inclusion that we want to solve, is it payments, is it to support innovations in the financial space? That is an unanswered question.” Kawere said they had no timeline for concluding their studies or issuing a digital currency, but said they were particularly focusing on risks around the technology.
Kawere said access would also be an issue when rolling out such a currency because of the low levels of penetration by the necessary infrastructure like smart phones, computers andHe said the bank had reservations about cryptocurrencies’ volatility which he said undermines their ability to function as a store of value.
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