Cape Verdean Escudo (CVE)


Cape Verde is a small economy of about 2 billion USD (GDP). Mobile phone adoption is 121 phones per 100 people so that is a good sign, and 75% of people have access to banking.

SWIFT was implemented in 2018 for the first time; and the central bank has recognised the need for digitization to lower costs.

Hence the interest exists for digitization and when that is done more fully, costs may be lowered.

 

 

By cryptorocks_editor

Editor.