Whale Fall aims to achieve true decentralization through autonomous circulation and growth of the ecosystem by forming an economy where there are no whales that threaten the ecosystem through large-scale community activities. It is operated with mechanisms such as Self-liquidity Supply, WHALE Burn, and Whale Lock-up.
Despite Africa being the poorest continent on earth with most people living below the poverty line, the continent is out to prove the world wrong when it comes to digital financial technology. The transaction volume of cryptocurrencies is growing steadily, and Nigeria is leading Central Bank Digital Currency (CBDC) innovation in Africa.
China is accelerating its pursuit of a digital yuan that is anticipated to be finally rolled out before the end of 2021. One of the reasons to issue its own central bank digital currency (CBDC) is to keep a close eye on and control the transactions of the citizens.
As many countries are competing to see who will be the first to launch an effective working central bank digital currency (CBDC), China seems to be in the lead of this game. The country has carried out several trials of its digital yuan in different parts of the country.
The Central bank of Lebanon (BoL) is planning to release its state-backed digital currency known as digital pound. The bank is now the latest financial regulator to embrace the roll out of a central bank digital currency CBDC. The official launch is planned for 2021.