Gluwa has initiated conversations on the potential of the exploration of creating opportunities to further enable Sierra Leone’s citizens to engage with the digital global economy. Gluwa’s CEO, Tae Oh, visited Sierra Leone’s Vice President Mohamed Juldeh Jalloh in a preliminary visit to introduce the potential for collaboration.
Gluwa described its plans to Vice President Jalloh — who is well-versed in the nuances of digital currencies, as advanced forms of mobile money transaction programmes directly operated by countries’ central banks. Unlike existing mobile money systems, which are confined to local operations due to their reliance on local phone numbers, the proposed financial programme for Sierra Leone aims to facilitate global transactions. This would enable its citizens to engage in financial activities beyond their borders and increase their access to international opportunities.
Gluwa, known for its blockchain innovations such as Credal, which powers public blockchain networks, emphasized the importance of addressing the country’s internet accessibility issues, particularly in rural areas of Sierra Leone. Recognizing the importance of reliable internet connectivity for the successful adoption and use of a central digital currency for wider digital opportunities, Gluwa’s CEO shared proposals centered on the implementation of a satellite-based Internet Service Provider (ISP). Gluwa’s ISP solution would aim to extend coverage to the most remote regions of Sierra Leone to help them benefit from new digital innovations to increase financial accessibility.
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About Gluwa
Gluwa is an RWA platform, connecting capital from developed markets to emerging market lending opportunities using blockchain technology. By providing the decentralized infrastructure rails to raise and disburse capital anywhere in the world, and securing immutable credit data on Creditcoin, Gluwa is empowering a new generation of users with the economic tools, information and accessibility they need to thrive, redefining the way we think about global capital markets.
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