The President of Kenya, Uhuru Kenyatta, has highlighted blockchain as a key aspect of collaboration between the government of Singapore and the government of Kenya during the Afro-Asia Fintech Festival 2019, which took place in Nairobi, Kenya. This is in a bid to increase the popularity of blockchain use cases across our country.
In a speech at the festival, president Uhuru Kenyatta, highlighted the key areas where the collaboration between the Central Bank of Kenya (CBK) and the Monetary Authority of Singapore, which is the Central Bank of Singapore (CBS), would immediately, be implemented.
As highlighted by the president, the signing of the Memorandum of Understanding between the two governmental bodies sets for foundation for joint innovation projects on the application of key emerging technologies in the following areas: Digital mobile payments, Blockchain technology, Big Data, Artificial Intelligence.
The president also highlighted the M-PESA innovation, the Stawi loan product for MSMEs, and the Digital Technology Blueprint which as a template for other African nations, which was, launched in Kigali, Rwanda.
The president has set out on a quest to create a conducive environment for new technologies like cryptocurrency, among others to hatch in our country. Crypto currencies like Ubricoin which have been seeing much success are gaining popularity with Kenyan businesses and will soon be as widely used as a mode of payment just like the Lipa Na Mpesa platform. Buy Ubricoin right now.
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