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    trulioo

    Canadian Mobile ID Verification Company, Trulioo Launches Services in Nigeria & Ghana

    Impulse

    See the 14 African Startups Selected for the IMPULSE Accelerator Program

    Microsoft Africa

    Microsoft Launches its Windows PC Affordability Initiative in Africa

    Microsoft Launches its Windows PC Affordability Initiative in Africa, See the 14 African Startups Selected for the IMPULSE Accelerator Program and More

    Microsoft Launches its Windows PC Affordability Initiative in Africa, See the 14 African Startups Selected for the IMPULSE Accelerator Program and More

    Airtel launch mobile money in Nigeria

    Airtel Africa Announces Plan to List on Malawi Stock Exchange

    Kenya-based Turaco Micro-Insurtech Raises $1.2m Seed Funding

    Kenya-based Turaco Micro-Insurtech Raises $1.2m Seed Funding

    Plentywaka

    Plentywaka Announces New Route, Set to Increase Fleet in Lagos Nigeria

    Mozilla

    Mozilla Partners German Ministry for Economics to Launch Voice Technology for African Languages

    QuickCheck, Jumia & Pay Attitude Partners to Provide Credit Facilities in Nigeria, Plentywaka Announces New Route set to Increase Fleet and More

    QuickCheck, Jumia & Pay Attitude Partners to Provide Credit Facilities in Nigeria, Plentywaka Announces New Route set to Increase Fleet and More

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    Microsoft Launches its Windows PC Affordability Initiative in Africa, See the 14 African Startups Selected for the IMPULSE Accelerator Program and More

    Microsoft Launches its Windows PC Affordability Initiative in Africa, See the 14 African Startups Selected for the IMPULSE Accelerator Program and More

    QuickCheck, Jumia & Pay Attitude Partners to Provide Credit Facilities in Nigeria, Plentywaka Announces New Route set to Increase Fleet and More

    QuickCheck, Jumia & Pay Attitude Partners to Provide Credit Facilities in Nigeria, Plentywaka Announces New Route set to Increase Fleet and More

    UN Urges Ethiopia to clamp down on Shutting Down the Internet, FSI Launches First Fintech Innovation Sandbox in Nigeria and More

    UN Urges Ethiopia to clamp down on Shutting Down the Internet, FSI Launches First Fintech Innovation Sandbox in Nigeria and More

    Jiji Raises $21 million to Scale its Business in 5 Africa Market, Jumia Exits Rwanda, Partners Travelstart on its Travel Operations and More

    Jiji Raises $21 million to Scale its Business in 5 Africa Market, Jumia Exits Rwanda, Partners Travelstart on its Travel Operations and More

    South Africa, Kenya, Nigeria & others appears on the 1st Global Fintech Ranking, NITDA Introduces Smart Agro Business Platform in Nigeria and More

    South Africa, Kenya, Nigeria & others appears on the 1st Global Fintech Ranking, NITDA Introduces Smart Agro Business Platform in Nigeria and More

    African Tech News Roundup

    Africa Tech News Roundup

    10 African Startups Emerged winners at Seedstars Africa Summit, Farmshine Secures $250,000 Funding to Scale Its Business Model and More

    10 African Startups Emerged winners at Seedstars Africa Summit, Farmshine Secures $250,000 Funding to Scale Its Business Model and More

    Microsoft & AfDB Launches New Digital Skills Training Platform, Truecaller Report blames Telecom Operators for 85% Spam Calls & SMS in Nigeria and More

    Microsoft & AfDB Launches New Digital Skills Training Platform, Truecaller Report blames Telecom Operators for 85% Spam Calls & SMS in Nigeria and More

    Ethiopia Government Partners Infervision to Build National Intelligence Infrastructure, See Finalists of the Innovate Now Accelerator Program and More

    Ethiopia Government Partners Infervision to Build National Intelligence Infrastructure, See Finalists of the Innovate Now Accelerator Program and More

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    5 not-so-popular Platforms that Operates like Andela for Software Developers in Africa

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    See the Gadgets that Will Make Your Car Pop

    See the Gadgets that Will Make Your Car Pop

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    See how Edupoint’s Peer-to-Peer Learning Model is revolutionizing Africa’s Education System

    See how Edupoint’s Peer-to-Peer Learning Model is revolutionizing Africa’s Education System

    Latest Apple's iPhone - iPhone 11 series

    The iPhone 11 Series are Out with a Bang!!! Checkout this Amazing Review

    X-raying Motorcycle Ride-Hailing Industry in Nigeria

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    Checkout this Samsung Galaxy Note 10 and 10plus Series Review

    Checkout this Samsung Galaxy Note 10 and 10plus Series Review

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    Microsoft Launches its Windows PC Affordability Initiative in Africa, See the 14 African Startups Selected for the IMPULSE Accelerator Program and More

    Microsoft Launches its Windows PC Affordability Initiative in Africa, See the 14 African Startups Selected for the IMPULSE Accelerator Program and More

    Airtel launch mobile money in Nigeria

    Airtel Africa Announces Plan to List on Malawi Stock Exchange

    Kenya-based Turaco Micro-Insurtech Raises $1.2m Seed Funding

    Kenya-based Turaco Micro-Insurtech Raises $1.2m Seed Funding

    QuickCheck, Jumia & Pay Attitude Partners to Provide Credit Facilities in Nigeria, Plentywaka Announces New Route set to Increase Fleet and More

    QuickCheck, Jumia & Pay Attitude Partners to Provide Credit Facilities in Nigeria, Plentywaka Announces New Route set to Increase Fleet and More

    Visa, Branch to Expand Financial Access in Sub-Saharan Africa

    Visa Partners MFS Africa to Expand Digital Payments across Africa

    QuickCheck, Jumia & Pay Attitude Partners to Provide Credit Facilities in Nigeria

    QuickCheck, Jumia & Pay Attitude Partners to Provide Credit Facilities in Nigeria

    UN Urges Ethiopia to clamp down on Shutting Down the Internet, FSI Launches First Fintech Innovation Sandbox in Nigeria and More

    UN Urges Ethiopia to clamp down on Shutting Down the Internet, FSI Launches First Fintech Innovation Sandbox in Nigeria and More

    DHL’s new e-Commerce Platform, eShop Expands to more African Countries

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    FSI Launches First Fintech Innovation Sandbox in Nigeria

    FSI Launches First Fintech Innovation Sandbox in Nigeria

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    5 not-so-popular Platforms that Operates like Andela for Software Developers in Africa

    5 not-so-popular Platforms that Operates like Andela for Software Developers in Africa

    See how Edupoint’s Peer-to-Peer Learning Model is revolutionizing Africa’s Education System

    See how Edupoint’s Peer-to-Peer Learning Model is revolutionizing Africa’s Education System

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    Lentera Africa Wins $5000 Innov8Agric Challenge Grand Prize

    Data Science Nigeria

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    Crop2Cash Wins Seedstars World Pitch Contest in Nigeria

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    See how Edupoint’s Peer-to-Peer Learning Model is revolutionizing Africa’s Education System

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    Inside the Latest Ground Transport System, Hyperloop Capsule

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    Uber Unveils Its ‘Flying Car’ Prototype – See Photos & Video

    [Video] A Nigerian-Made Jet Car That Can Run On Land, Sea and in the Air

    [Video] A Nigerian-Made Jet Car That Can Run On Land, Sea and in the Air

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    trulioo

    Canadian Mobile ID Verification Company, Trulioo Launches Services in Nigeria & Ghana

    Impulse

    See the 14 African Startups Selected for the IMPULSE Accelerator Program

    Microsoft Africa

    Microsoft Launches its Windows PC Affordability Initiative in Africa

    Microsoft Launches its Windows PC Affordability Initiative in Africa, See the 14 African Startups Selected for the IMPULSE Accelerator Program and More

    Microsoft Launches its Windows PC Affordability Initiative in Africa, See the 14 African Startups Selected for the IMPULSE Accelerator Program and More

    Airtel launch mobile money in Nigeria

    Airtel Africa Announces Plan to List on Malawi Stock Exchange

    Kenya-based Turaco Micro-Insurtech Raises $1.2m Seed Funding

    Kenya-based Turaco Micro-Insurtech Raises $1.2m Seed Funding

    Plentywaka

    Plentywaka Announces New Route, Set to Increase Fleet in Lagos Nigeria

    Mozilla

    Mozilla Partners German Ministry for Economics to Launch Voice Technology for African Languages

    QuickCheck, Jumia & Pay Attitude Partners to Provide Credit Facilities in Nigeria, Plentywaka Announces New Route set to Increase Fleet and More

    QuickCheck, Jumia & Pay Attitude Partners to Provide Credit Facilities in Nigeria, Plentywaka Announces New Route set to Increase Fleet and More

  • The Big 5
    • All
    • Big 5 Daily
    • Weekly News Roundup
    Microsoft Launches its Windows PC Affordability Initiative in Africa, See the 14 African Startups Selected for the IMPULSE Accelerator Program and More

    Microsoft Launches its Windows PC Affordability Initiative in Africa, See the 14 African Startups Selected for the IMPULSE Accelerator Program and More

    QuickCheck, Jumia & Pay Attitude Partners to Provide Credit Facilities in Nigeria, Plentywaka Announces New Route set to Increase Fleet and More

    QuickCheck, Jumia & Pay Attitude Partners to Provide Credit Facilities in Nigeria, Plentywaka Announces New Route set to Increase Fleet and More

    UN Urges Ethiopia to clamp down on Shutting Down the Internet, FSI Launches First Fintech Innovation Sandbox in Nigeria and More

    UN Urges Ethiopia to clamp down on Shutting Down the Internet, FSI Launches First Fintech Innovation Sandbox in Nigeria and More

    Jiji Raises $21 million to Scale its Business in 5 Africa Market, Jumia Exits Rwanda, Partners Travelstart on its Travel Operations and More

    Jiji Raises $21 million to Scale its Business in 5 Africa Market, Jumia Exits Rwanda, Partners Travelstart on its Travel Operations and More

    South Africa, Kenya, Nigeria & others appears on the 1st Global Fintech Ranking, NITDA Introduces Smart Agro Business Platform in Nigeria and More

    South Africa, Kenya, Nigeria & others appears on the 1st Global Fintech Ranking, NITDA Introduces Smart Agro Business Platform in Nigeria and More

    African Tech News Roundup

    Africa Tech News Roundup

    10 African Startups Emerged winners at Seedstars Africa Summit, Farmshine Secures $250,000 Funding to Scale Its Business Model and More

    10 African Startups Emerged winners at Seedstars Africa Summit, Farmshine Secures $250,000 Funding to Scale Its Business Model and More

    Microsoft & AfDB Launches New Digital Skills Training Platform, Truecaller Report blames Telecom Operators for 85% Spam Calls & SMS in Nigeria and More

    Microsoft & AfDB Launches New Digital Skills Training Platform, Truecaller Report blames Telecom Operators for 85% Spam Calls & SMS in Nigeria and More

    Ethiopia Government Partners Infervision to Build National Intelligence Infrastructure, See Finalists of the Innovate Now Accelerator Program and More

    Ethiopia Government Partners Infervision to Build National Intelligence Infrastructure, See Finalists of the Innovate Now Accelerator Program and More

  • Specials
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    • Guest Articles
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    • Reviews
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    5 not-so-popular Platforms that Operates like Andela for Software Developers in Africa

    5 not-so-popular Platforms that Operates like Andela for Software Developers in Africa

    Mental health

    Mental Health Tips for Creatives and Techies

    See the Gadgets that Will Make Your Car Pop

    See the Gadgets that Will Make Your Car Pop

    Video conferencing apps

    Video Conferencing, the Seamless Way to Connect Virtually

    See how Edupoint’s Peer-to-Peer Learning Model is revolutionizing Africa’s Education System

    See how Edupoint’s Peer-to-Peer Learning Model is revolutionizing Africa’s Education System

    Latest Apple's iPhone - iPhone 11 series

    The iPhone 11 Series are Out with a Bang!!! Checkout this Amazing Review

    X-raying Motorcycle Ride-Hailing Industry in Nigeria

    X-raying Motorcycle Ride-Hailing Industry in Nigeria

    Checkout this Samsung Galaxy Note 10 and 10plus Series Review

    Checkout this Samsung Galaxy Note 10 and 10plus Series Review

    African Startups have raise over $500m in 2019 so far

    Investment in African Startups Hits Over $400mn by Q3 2019

  • Africa
    • All
    • Made In Africa
    • Start-Up Spotlight
    Microsoft Launches its Windows PC Affordability Initiative in Africa, See the 14 African Startups Selected for the IMPULSE Accelerator Program and More

    Microsoft Launches its Windows PC Affordability Initiative in Africa, See the 14 African Startups Selected for the IMPULSE Accelerator Program and More

    Airtel launch mobile money in Nigeria

    Airtel Africa Announces Plan to List on Malawi Stock Exchange

    Kenya-based Turaco Micro-Insurtech Raises $1.2m Seed Funding

    Kenya-based Turaco Micro-Insurtech Raises $1.2m Seed Funding

    QuickCheck, Jumia & Pay Attitude Partners to Provide Credit Facilities in Nigeria, Plentywaka Announces New Route set to Increase Fleet and More

    QuickCheck, Jumia & Pay Attitude Partners to Provide Credit Facilities in Nigeria, Plentywaka Announces New Route set to Increase Fleet and More

    Visa, Branch to Expand Financial Access in Sub-Saharan Africa

    Visa Partners MFS Africa to Expand Digital Payments across Africa

    QuickCheck, Jumia & Pay Attitude Partners to Provide Credit Facilities in Nigeria

    QuickCheck, Jumia & Pay Attitude Partners to Provide Credit Facilities in Nigeria

    UN Urges Ethiopia to clamp down on Shutting Down the Internet, FSI Launches First Fintech Innovation Sandbox in Nigeria and More

    UN Urges Ethiopia to clamp down on Shutting Down the Internet, FSI Launches First Fintech Innovation Sandbox in Nigeria and More

    DHL’s new e-Commerce Platform, eShop Expands to more African Countries

    Payfort to Facilitate DHL Express Online Payments in North Africa

    FSI Launches First Fintech Innovation Sandbox in Nigeria

    FSI Launches First Fintech Innovation Sandbox in Nigeria

  • People
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    • AfroTech Legends
    • Tech Leaders
    • Techpreneur of the Week
    5 not-so-popular Platforms that Operates like Andela for Software Developers in Africa

    5 not-so-popular Platforms that Operates like Andela for Software Developers in Africa

    See how Edupoint’s Peer-to-Peer Learning Model is revolutionizing Africa’s Education System

    See how Edupoint’s Peer-to-Peer Learning Model is revolutionizing Africa’s Education System

    E-payment Startup Vapulus CEO- Abdelrahman Elsharawy

    Techpreneur of the Week: Abdelrahman Elsharawy, Building a 0% e-Payment System

    Swvl’s - Disrupting African Transport experience

    Startup Spotlight: Meet SWVL the Bus Transport Disruptor in Africa

    Ken Njoroge Co-founder Cellulant

    Techpreneur of the Week: Ken Njoroge, building a billion-dollar pan-African digital payments company

    Celebrating Forbes African 30 Under 30 Tech Heroes Part 2 

    Celebrating Forbes African 30 Under 30 Tech Heroes Part 2

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    Celebrating Forbes African 30 Under 30 Tech Heroes 1

    Temie Giwa-Tubosun - CEO Lifebank

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  • Events
    Lentera Africa Wins $5000 Innov8Agric Challenge Grand Prize

    Lentera Africa Wins $5000 Innov8Agric Challenge Grand Prize

    Data Science Nigeria

    Data Science Nigeria Launches the First AI Textbook in Africa at 2019 AI Summit

    Crop2Cash Wins Seedstars World Pitch Contest in Nigeria

    Crop2Cash Wins Seedstars World Pitch Contest in Nigeria

    AfricaCom to Feature AfricaTech Conference in 2019 Edition

    AfricaCom to Feature AfricaTech Conference in 2019 Edition

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    Crenov8 launches Meet the Farmers Conference 2019 in Lagos Nigeria

    Google

    Google unveils new Products at Google for Nigeria Event

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    Meet Hollaport the Latest Fintech Innovation

    Meet Hollaport the Latest Fintech Innovation

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    Digital Goldrush: Building a Sustainable Tech Economy (African Fintech Foundry)

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    See how Edupoint’s Peer-to-Peer Learning Model is revolutionizing Africa’s Education System

    See how Edupoint’s Peer-to-Peer Learning Model is revolutionizing Africa’s Education System

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    Inside the Latest Ground Transport System, Hyperloop Capsule

    Uber Unveils Its ‘Flying Car’ Prototype – See Photos & Video

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    [Video] A Nigerian-Made Jet Car That Can Run On Land, Sea and in the Air

    [Video] A Nigerian-Made Jet Car That Can Run On Land, Sea and in the Air

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IMF and World Bank Launches Cryptocurrency Dubbed ‘Learning Coin’ to Study Blockchain Technology

Tech Gist Africa by Tech Gist Africa
04/17/2019
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IMF and World Bank Launches Cryptocurrency Dubbed ‘Learning Coin’ to Study Blockchain Technology

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A new quasi-cryptocurrency called Learning Coin was launched by the International Monetary Fund and World Bank. This coin is not a legal tender of exchange but was launched so that its staff can study blockchain technology.

The Learning Coin will be restricted to the employees and does not have any monetary value.

Cryptocurrency is an online transaction currency used by new digital companies but not yet adopted by many. In Dubai for example, companies are adopting Distributed Ledger Technology to facilitate payments in a move towards the establishment of a smart city. Here in Africa, companies like Sun Exchange in South Africa pays its solar projects’ investors in Bitcoin.

Foreign firms using DLT includes Microsoft, IBM, JP Morgan, Facebook among others.

However, most companies are yet to adopt cryptocurrencies because of the risks of fraud, security breaches, and operational failures. They are also concerned about the risk of inflation because the supply is limited since there is a monopoly of supply, and there is heavy competitive pressure. There are ongoing investigations to address some of these deficiencies before the technology can be adopted.

This way, the IMF and World Bank can understand how crypto assets can be translated into real-life processes. Staff would better understand the principles of distributed ledgers of crypto assets, and how to better tackle money laundering, etc.

The IMF monitors the economies and financial systems of member countries and helps build institutional capacity and regulatory structures. In January 2016, it published a paper on digital currency called “Casting Light on Central Bank Digital Currency”.

By developing the Learning Coin, they intend to understand innovative technologies and improve regulation, supervision, and surveillance. Maybe the World Bank might be looking into adopting cryptocurrency as a legal exchange tender. Who knows?

More on TechGist Africa:

  • Call for Applications: Google Africa Certifications Scholarship for Developers
  • Why South African Government is Delaying the Use of Solar Energy in Farms
  • Finplus Opens an Office in Johannesburg as it Plans to Expand Outside Kenya
  • Westerwelle Young Founders Conference Kigali 2019 Calls on East African startups to Submit
  • ICASA Wants to End DSTV’s Monopoly in South Africa, Here is How

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