(Extract of article published by Ana Alexandre with same title in CoinTelegraph)
Morocco is looking to expand access to financial services through the integration of blockchain technology in the country’s financial sector.
At the Africa Blockchain Summit in Morocco’s capital of Rabat, the country’s central bank governor Abdellatif Jouahri said that Morocco will deploy financial technology to enhance access to financial services, as part of the country’s financial inclusion strategy and especially targets underserved citizens. The application of fintech, including blockchain technology, would help Morocco to achieve its goal to provide “all individuals and businesses a fair access to formal financial products and services […] in order to promote economic and social inclusion.”
According to Jouahri, “Blockchain is by far the most disruptive technology of this decade.” The central bank intends to create lower-cost models to bring financial services to underserved citizens and develop favorable conditions for non-cash transactions and settlement.
Leave A Comment