South African Reserve Bank Backs Payshap Over Digital Rand as Cassim Targets Real-Time Payments

Key Takeaways SARB has paused the digital rand rollout due to system efficiency and user privacy trade-offs. Expanding private stablecoins may bypass SA regulations, eroding the rand’s value and monetary authority. SARB will next focus on modernizing infrastructure via Payshap and Payinc to deliver real-time payments. Digital Rand Trials Reveal Privacy and Speed Tradeoffs The…

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