African Internet Pioneer: Bitcoin Can Help Grow a Cashless Society in Ghana
Nii Narku Quaynor, seen as “father of the internet in Africa” and chairman of IT solutions firm Ghana Dot Com (GDC), says bitcoin can help create a cashless society in Ghana, according to African publican ItwebAfrica. At the 3rd Ghana e-Commerce Conference and Exhibition, Quaynor claimed the country has a mature e-commerce economy and stressed that it is necessary to intensity engagement and collaboration for the industry to thrive in Ghana. Bitcoin was introduced in Ghana back in February 2016, as a part of a plan to promote a cashless society in Ghana. According to Quaynor, digital money....
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Ghana-based IT solutions firm Ghana Dot Com (GDC) has launched a bitcoin mining facility it claims is the first in Africa. The announcement is notable given GDC chairman Nii Quaynor’s history as an early Internet pioneer. In 1993, Quaynor launched one of Ghana’s first Internet Service Providers, and he has since served on the board of ICANN and the Internet Governance Forum Advisory Group at the United Nations. As such, Quaynor sought to draw comparisons between the two technologies in an announcement regarding the launch. Quaynor said in a statement: “As one of first African computer....
Ghana is a big time cash society. Though before the country's 2007 redenomination, one needed to load sacks full of money before purchasing a house, car or land. Everything is paid for with money, and in a few cases by cheque. The twenty thousand Cedis note was equivalent to $2. Cashless society only a dream. Government attempts towards a cashless society has been a fiasco, just like most government projects are notoriously known here. Case in point is the E-Switch project initiated by the state in 2008. Through the National Switch, the new Universal Electronic Payments (UEPS) technology....
Ghana is one of the few African countries that is hopping on the cryptocurrency train. The country is particularly taking concrete steps towards embracing this innovation. During the Fifth Ghana International Trade and Finance Conference in Accra, The Vice President of Ghana – Dr. Mahamudu Bawumia – said that African governments should embrace virtual currencies. […]
Ghana seeks to secure transactions on the Internet first and only then start a discussion on Bitcoin adoption. As a lack of training on cryptography is still a major issue in parts of Africa, Ghana’s Chapter of the Internet Society has trained some of its members. It hopes to create awareness around this tool making communication more secure on the Internet. The course is the first of its kind in Ghana and possibly in the West African region comprising over 300 million people. Its co-ordinator Marcus Adomey says the formal group training is long overdue. Topics discussed include classical....
Every day one hears about the impending demise of physical cash - the dirty coins and banknotes that our grandfathers used for everyday transactions, and some filthy criminals still use today - and the upcoming transition to a cashless society. To us geeks that seems initially a good idea - more virtual, more wired, more connected, more cyber - but then one has second thoughts. Cashless society? I say NO, thanks. Not yet. Sweden Leads in Cashless Transactions. Cashless as they intend it means 24/7 surveillance. It's a tool of Big Brother. If you have doubts, let me lay them to rest for....