Bank dealing in digital ledgers to open office in Nairobi

Block Bank Chief Executive Officer Adam Cuffe gives a talk on the new banking technology that is set to be introduced in Kenya. PHOTO | COURTESY

What you need to know:

  • The choice to set up the bank in Kenya was influenced by the country’s technological advancement over the years.
  • Mr Cuffe said the bank will also benefit other African nations by helping to scale up economic and social development.

A digital decentralized commercial banking firm that uses ledger technology is set to open in Kenya.

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