Central Bank Governor, Acknowledges Challenges in Adoption of National Digital Wallet – Richard Byles, the Governor of the Central Bank, has addressed the current progress of the country’s digital wallet initiative, revealing that over two thousand merchants have already integrated the system. However, Byles noted that certain merchants have encountered delays in adopting the digital wallet due to technical and financial limitations. Byles described this issue as an unforeseen challenge that emerged as the Central Bank embarked on the introduction of its inaugural digital currency. Despite the promising response from a significant number of merchants, these unexpected hurdles have underscored the complexity and intricacies associated with transitioning to a digital ecosystem.
While the process has encountered obstacles, Byles reiterated the Central Bank’s commitment to working through these challenges to ensure the seamless integration of the digital wallet. The Governor’s remarks emphasize the dedication to overcoming these setbacks and further advancing the country’s digital currency initiative. Watch the report:
Reporter: Kimberly Henry
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