Today Accenture announced its venture arm has invested an undisclosed sum in EMTECH, the startup best known for partnering with central banks, especially for web3 and central bank digital currency (CBDC). EMTECH boasts seven central bank clients, six of them in West Africa and the other is the Bahamas.
One of its highest profile projects was a CBDC hackathon in Ghana last year, exploring how a CBDC could be used on the Hedera public DLT. With financial inclusion a common CBDC driver for emerging markets, integration with public DLTs is one way to achieve that.
While EMTECH has its own central bank solution for operating a sandbox, it came into contact with Accenture through another sandbox. It joined the Digital Dollar Project sandbox in 2022 as a participant.
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