Kiffmeister’s #Fintech Daily Digest (20230824)*

Enabling innovation through a digital pound

The Bank of England (BoE) published an article that explores the academic literature on innovation for lessons on how to create a diverse, competitive, and innovative ecosystem of payment interface providers (PIPs) or external service interface providers (ESIPs) to provide a range of value-added services associated with a central bank digital currency (CBDC). The following table summarizes the lessons from the literature that BoE staff think are relevant to the design aspects of a digital pound. [Read more at the BoE]

Central African Republic Eyes Tokenizing Its Natural Resources

The Central African Republic (CAR) government has granted approval for the tokenization of CAR land and natural resources. This comes a little over a year after President Faustin-Archange Touadéra floated the idea under the auspices of Project Sango, which has been issuing the CAR’s national cryptocurrency since July 2022. Sango Coin’s reception hasn’t been very impressive. Despite offering 200 million coins for sale at a price of $0.10 during its genesis cycle, the government managed to sell less than 8 million coins to citizens. [Read more on X]

*For those interested in intra-day updates, check out my searchable Diigo Fintech developments database, which is also a good place to go to query for past developments:

Kiffmeister’s central bank digital currency monthly monitor

Just a reminder that I produce a monthly digest of central bank digital currency (CBDC) developments exclusively for the official sector. So (only) if you work at a central bank, ministry of finance or international financial institution (e.g., the BIS, IMF, OECD, World Bank) and who would like to receive it by email on the first business day of every month, please DM me on LinkedIn or email me at

The Sovereign Official Digital Association (SODA) is a technology-agnostic firm offering advisory services at the intersection of central banking, digital finance and the web3 industry, aiming to make public digital money a reality. SODA believes institutions in the existing financial ecosystem should have access to the tools and resources they need to move from discussion to action. SODA offers ‘real life’ use cases to help test digital money and drive adoption as central banks and other public institutions explore the future of a more financially inclusive world powered by interoperable blockchain-based networks. SODA would love you to join us on this journey – please get in touch (

Satoshi Capital Advisors is a New York-based, global advisory firm that works with central banks, governments, and the private sector to architect, implement, and operate varying initiatives. Satoshi Capital Advisors’ central bank work revolves around CBDC architecture and implementation, providing advisory services from research phase through to growth phase. Utilizing a product-market fit and technology agnostic approach to CBDC architecture and implementation enables Satoshi Capital Advisors to build tailored solutions, bespoke to local financial system nuances. Satoshi Capital Advisors welcomes requests from central bank officials for virtual and in-person CBDC workshops. [Click here for more information]

WhisperCash offers the first fully offline digital currency platform that has the same properties as physical cash. It can perform secure consecutive offline payments without compromising on security, privacy or accessibility. WhisperCash allows direct person to person offline payments without any server infrastructure or internet connectivity. It comes in various form factors including the self-contained credit card-sized “Pro” that sports an eInk screen and capacitive keyboard, and lasts for two weeks between recharges assuming a few transactions per day. [Click here for more information]