Freetown, Sierra Leone, April 4th, 2024, Chainwire
Gluwa has initiated conversations on exploring alternatives to additional allow Sierra Leone’s residents to have interaction with the digital international economic system. Gluwa’s CEO, Tae Oh, visited Sierra Leone’s Vice President Mohamed Juldeh Jalloh in a preliminary go to to introduce the potential for collaboration.
Vice President of Sierra Leone, Mohamed Juldeh Jalloh pictured with Tae Oh, CEO of Gluwa, Akin Jones, Director of Gluwa and Kay Jegede, Affiliate Director of Gluwa.
Gluwa described its plans to Vice President Jalloh – who’s well-versed within the nuances of digital currencies, as superior types of cell cash transaction programmes straight operated by nations’ central banks. Not like present cell cash methods, that are confined to native operations as a consequence of their reliance on native cellphone numbers, the proposed monetary programme for Sierra Leone goals to facilitate international transactions. This might allow its residents to have interaction in monetary actions past their borders and enhance their entry to worldwide alternatives.
Gluwa, recognized for its blockchain improvements equivalent to Credal, which powers public blockchain networks, emphasised the significance of addressing the nation’s web accessibility points, notably in rural areas of Sierra Leone. Recognizing the significance of dependable web connectivity for the profitable adoption and use of a central digital forex for wider digital alternatives, Gluwa’s CEO shared proposals centered on the implementation of a satellite-based Web Service Supplier (ISP). Gluwa’s ISP resolution would goal to increase protection to probably the most distant areas of Sierra Leone to assist them profit from new digital improvements to extend monetary accessibility.
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About Gluwa
Gluwa is a pioneering L1 blockchain platform designed for the documentation and matching of credit score transactions. It establishes a public ledger that data credit score histories and mortgage performances, setting the stage for a brand new period of interoperable cross-chain credit score markets. By collaborating with expertise companions and fintech lenders, equivalent to Aella, and fascinating with monetary establishments in international rising markets, Gluwa’s Creditcoin framework is facilitating capital financing, constructing credit score histories, and fostering belief amongst hundreds of thousands of financially underserved people and companies, guided by the ideas of Actual World Property (RWA).
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