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Kenya Launches Kenya Digital Token on Solana
The East African country of Kenya has officially launched the Kenya Digital Token (KDT) using the Solana blockchain. The initiative aims to modernize the country’s financial infrastructure and expand financial access.
This move marks a significant step in the country’s ongoing efforts to upgrade its payment systems and leverage blockchain for public service innovation. The token is being positioned as a tool to foster financial inclusion, especially for rural and underserved communities.
Not officially a central bank digital currency (CBDC), it is, however, a forward step in bringing Kenya’s economy into the digital realm.
Source: fullycrypto.com
