Late in 2016 Senegal's Banque Regionale De Marches announced the launch of the eCFA Franc; a cryptocurrency for the countries of the West African Monetary Union - Senegal, Cote d'Ivoire, Benin, Burkina Faso, Mali, Niger, Togo and Guinea-Bissau. This and similar innovations mark the coming of age of a new generation of applications - an Internet of Intelligent Things - that could provide a new infrastructure for economic development across Africa.
The Internet of Things is a network of physical devices, vehicles, buildings and other items. They are equipped with electronics, software, sensors and network connectivity so they can collect and exchange data. There's wide enthusiasm about spectacular innovations such as Intelligent refrigeratorsand driverless cars. But a quieter revolution is underway in everyday systems and facilities, such as financial services.
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