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Browsing: Giesecke+Devrient (G+D)
The Bank of Ghana (BoG) has partnered with Giesecke+Devrient (G+D), company headquartered in Munich that provides banknote and securities printing, smart cards, and cash handling systems to roll out a general purpose Central Bank Digital Currency (retail CBDC).
Founded in 1852 by Hermann Giesecke and Alphonse Devrient, G+D has expanded operations to include banknote processing, smart cards, identification systems, and e-payments. The firm is the world’s second largest supplier of banknotes, with annual revenues of $2.45 billion.
Provide technology
According to the partnership agreement with Ghana, G+D is providing the technology and developing the solution adapted to Ghana’s requirements, which will be tested in a trial phase with banks, payment service providers, merchants, consumers and other relevant stakeholders.
G+D will now provide its proprietary CBDC solution known as Filia to pilot the issuance of a digital form of Ghana’s national currency, the cedi.
Digital Ghana Agenda
The …