Rwandacoin: Prospects and challenges of developing a cryptocurrency for transactions in Rwanda

01/11/2019

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by   Oluwafunmilola Kesa, et al.

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The use of cryptocurrencies such as Bitcoin and Ethereum in performing online transactions has been on the rise in the world. Africa as a continent is not left out in the adoption of blockchain and cryptocurrencies. This paper explores the prospects and challenges of developing a cryptocurrency in Rwanda which we denote Rwandacoin. In addition, the paper discusses the potentials of Rwandacoin easing intercountry trading in East Africa.