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China to Challenge Facebook’s Libra With Its Own Cryptocurrency and Africa Could be Huge Potential Market

A quick follow-up from the story we shared yesterday about how the dominance of Chinese mobile phone companies in Africa could create a “walled garden” that would exclude Facebook’s proposed cryptocurrency Libra. Now, CNBC reports that the Chinese government is expediting the development of its own digital currency that could be far more appealing to Chinese tech companies operating in Africa, including Transsion, Huawei and ZTE among others.

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