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IN PICTURES | Gluwa Visits Vice President of Sierra Leone, Proposes Financial Improvement on Mobile Money Via Digital Currencies
In the company’s continued visits around Africa, the CEO of Gluwa, Tae Oh, paid a courtesy call to the Vice President of Sierra Leone, Mohamed Juldeh Jalloh, in a preliminary visit to introduce the potential for collaboration.
Gluwa said it has initiated conversations on the potential of the exploration of creating opportunities to further enable Sierra Leone’s citizens to engage with the digital global economy.
“Gluwa described its plans to Vice President Jalloh who is well-versed in the nuances of digital currencies, as advanced forms of mobile money transaction programmes directly operated by countries’ central banks,” the technology firm said.
Gluwa is an RWA platform connecting capital from developed markets to emerging market lending opportunities using blockchain technology.
The company recently entered into an agreement with the Central Bank of Nigeria to help drive increased adoption of the eNaira central bank digital currency (CBDC). Under that partnership, Gluwa will integrate its Credal technology into the eNaira platform. The intention is to facilitate the establishment of ‘credit reputations’ for eNaira users, thereby advancing financial inclusion.
At the same time, Gluwa wants to integrate Ghana’s eCedi CBDC with a satellite-based ISP, which can help the CBDC meet the technical requirements for rural access.
The company is also said to be investigating the potential of developing a Central Bank Digital Currency (CBDC) for Liberia.
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