Solana blockchain gets endorsed in Ghana.
The President of Ghana, by name John Dramani Mahama has listed Solana as the key driving force behind Fintech growth and cryptocurrency adoption in Africa.
In his social media handle, he stated that one of the catalyst for financial inclusion in African continent is as a result of Solana's low transaction rate.
“Financial inclusion isn’t just a need for Ghana—it’s essential for all of Africa. With its low transaction costs,Solana could drive fintech growth and enable1Q11 cryptocurrency payments & investments,” he expressed.
It is stated that Solana is widely known for its speed and low fees, and also offers a scalable options to traditional blockchain like Bitcoin and Ethereum. According to Solana's history records, its consensus mechanism support very high rate transaction volume which makes it attractive for Fintech solutions in Africa.
He also linked the blockchain to digital transformation of the African landscape. Thereby urging for the investment in internet expansion, digital infrastructure and fintech to bridge the digital divide.
He made this comment as the Ghana’s central bank works on regularising crypto currencies, and also launching its eCedi, Ghana's digital currency.
