Monrovia, Liberia, March 14th, 2024, Chainwire
Gluwa’s CEO, Tae Oh, humbly met the President of Liberia, Joseph Boakai, to debate enhancements to Liberia’s monetary and web connectivity infrastructure.
Gluwa, recognized for its blockchain improvements corresponding to Credal, which powers public blockchain infrastructure, is exploring the potential of constructing a Central Financial institution Digital Foreign money (CBDC) for Liberia. The initiative would require intensive compatibility with Liberia’s present cell cash system, as President Boakai acknowledges its important function in Liberia’s digital financial system.
President of Liberia. Joseph Boakai pictured with Tae Oh, CEO of Gluwa and Akin Jones, Director of Gluwa.
The dialogue prolonged to deal with one among Liberia’s most urgent challenges: its sluggish web connectivity, which stands as a major barrier to digital inclusivity, particularly in rural areas. To assist the overcoming of this problem, Gluwa proposed the introduction of a satellite-based Web Service Supplier (ISP) particularly designed to increase low-cost web connectivity to rural areas. Gluwa’s ISP resolution additionally goals to supply the mandatory infrastructure to assist the complementary utilization and accessibility of the nation’s CBDC resolution, and because of this, improve general accessibility to digital monetary companies throughout the nation.
Gluwa’s CEO Tae Oh’s conferences with high officers inside African nations function humbling alternatives to study extra about every authorities’s dedication to financial progress and inclusion by way of technological options.
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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, corresponding to Aella, and interesting with monetary establishments in world rising markets, Gluwa’s Creditcoin framework is facilitating capital financing, constructing credit score histories, and fostering belief amongst tens of millions of financially underserved people and companies, guided by the rules of Actual World Property (RWA).
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Alan Kong
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