Tag: africa

Aug 19 2022

Nigeria targets the unbanked as it adds features to eNaira.

Aug 19 2022 Published at Coinscreed under tags  africa cbdc news

Participants at the eNaira Hackathon were informed that the CBDC would become more appealing and accessible as a result of technological advancements. According to Nigerian Central Bank governor Godwin Emefiele, who was speaking at the 2022 eNaira Hackathon in Abuja on Thursday, the eNaira, the country's central bank digital currency (CBDC), would enter the second […] The post...

Aug 10 2022

Despite Challenges, Nigerian Bitcoin Miners Are Poised To Profit

Nigeria is leading Africa in Bitcoin adoption, and miners there are overcoming regulatory and power grid challenges to find economic freedom.This is an opinion editorial by Emeka Ugbah, host of the “Bitcoin This Blockchain That” podcast based in Rwanda.Imagine that you are nursing a cup of caffé mocha in a coffee shop in Lower Manhattan. Then you overhear this African-looking...

Aug 09 2022

Building Nigeria’s Bitcoin’s Village

Entrepreneurs in Nigeria are building on the country’s growing interest in BTC and establishing Bitcoin Village, a safe haven for Africa.Nigeria is a unique country in West Africa, geographically situated between the Sahel to the north and the Gulf of Guinea to the south in the Atlantic Ocean. Inflation is currently over 18%, and money debasement is...

Aug 06 2022

Binance’s CZ Visits The Central African Republic, Meets President Touadéra

President Faustin-Archange Touadéra received Changpeng Zhao to discuss bitcoin and crypto. The meeting of the minds happened on Friday and there’s not much public information about what actually happened. The Binance CEO has been meeting African presidents recently, so it only makes sense that he visited the first nation to make bitcoin legal tender in the continent. 1/ Impressive meeting today and an...

Aug 02 2022

Bitcoin Projects Are Bringing Financial Inclusion To Feature Phones In Africa

Accelerating Bitcoin adoption, and therefore financial inclusion, in Africa means offering Lightning access through lower-tech phones.This is an opinion editorial by Heritage Falodun, a Bitcoin analyst and computer scientist based in Nigeria.Expanding Bitcoin adoption across the African continent won’t only come through bitcoin its...

Jul 31 2022

Bitcoin Education Is A Way Out Of Globalist Oppression For Ethiopia

True to their history as an uncolonized people, Ethiopians are more determined than ever to build sovereign value through principled education and civic action.This is an opinion editorial by Kal Kassa, the head of business development at hoseki and an Ethiopian Bitcoiner.Various multinational institutions are failing to complete their intended missions and objectives. Institutions like...

Jul 29 2022

Africa Is Poised For A Bitcoin Mining Boon

Surging general interest in Bitcoin, ideal energy sources and other facts make Africa an ideal region for growing bitcoin mining operations.Mining headlines are typically filled with mentions of North America and...

Jul 28 2022

Bitcoin: Opening The Door To Financial Inclusion

Set to grow into an economic powerhouse over the next few decades, Africa will benefit greatly from investment into Bitcoin education.This is an opinion editorial by Ray Youssef, CEO of Paxful and cofounder of the Built With Bitcoin Foundation.Global wealth inequality is growing around the world. With inflation, conflict and the pandemic forcing many into extreme poverty, the top 1% are...

Jul 21 2022

Non-Profit ₿trust Is Funding New Bitcoin Developers In Africa

₿trust has located the founding member for its new cohort designed to locate and educate new developers in the Bitcoin ecosystem, beginning with Africa.₿trust is locating, educating and paying new Bitcoin developers in Africa to decentralize contributors around the world. The non-profit has identified its founding member who will focus on custody solutions empowering Africans to hold their own...

Jul 11 2022

Crypto Adoption Rate In Kenya Highest In Africa – Here’s Why

The rate of digital currency adoption in Kenya is unlike any other country in Africa. The United Nations reports that Kenya has the highest proportion of its people holding cryptocurrencies in Africa, highlighting the country's exposure to the unfolding digital currency market crash. According to a research done by the United Nations Conference on Trade and Development (UNCTAD), around 4.25 million Kenyans, or...

Jul 08 2022

Bitcoin Is Breaking Barriers For Self-Sovereignty Across The Globe

Bitcoin is financial technology that enables real progress for countries that traditionally suffered at the hands of the fiat system.This is an opinion editorial by Renata Rordigues, global community and education lead at Paxful. Bitcoin is empowering millions across the world to become sovereign entrepreneurs. After visiting neighborhoods in Nigeria and Colombia, I found people taking power back...

Jul 06 2022

For Africa, By Africans: How Qala Is Building Bitcoin Developers

Jul 06 2022 Published at Bitcoin Magazine under tags  adoption africa culture events feature

A recent event hosted by Qala in Nigeria underscored the opportunity in Africa to leverage Bitcoin development for a brighter future.“Bitcoin for Africa, by Africans” was the key theme at the Qala Bitcoin developer offsite event held earlier this month in Lagos, Nigeria. And that theme, as well as the event itself, spoke to one of the...

Proof Of Resilience — Zimbabwe Can Use Bitcoin To Change Its Future

Zimbabwe, currently faced with incredible inflation and tough sanctions, could massively benefit from increased adoption of the open network of Bitcoin. The Small Steps To Resilience...

Jul 02 2022

Bitcoin Ban In Nigeria: What Has Changed?

Jul 02 2022 Published at Bitcoin Magazine under tags  africa cbn culture feature nigeria

More than a year since Nigeria banned bitcoin services, its SEC has released updated regulations. Will the bitcoin market be affected?An order from the Central Bank of Nigeria (CBN) barring financial institutions from servicing cryptocurrency transactions, effectively “banning Bitcoin” in the country, withstands...

Jun 30 2022

3 Lessons From The Oslo Freedom Forum: Why BTC? Nabourema, Likhachevskiy, Diop

The Oslo Freedom Forum offers another way to measure the bitcoin network’s worth. Price action is fine, but, what about real-life impact? The event is not about bitcoin per se. However, The Human Rights Foundation’s Chief Strategy Officer, Alex Gladstein, put together a series of one-minute clips that summarize exactly how deep bitcoin’s existence changes everything. Let’s read what...

Jun 29 2022

Aella, Creditcoin Network partner to enable transparent credit history in Africa

Jun 29 2022 Published at Coinscreed under tags  aella africa creditcoin news

Aella, an African mobile banking platform, has teamed up with Creditcoin Network to incorporate its transactions into Creditcoin's public blockchain in order to create a transparent credit history. All credit transactions related to Aella will be documented on the Creditcoin blockchain, making them simple to audit and viewable through their block explorer, according to a […] The post...

Jun 22 2022

Making Bitcoin Legal Tender In Africa: How CAR Can Find Financial Freedom

Bitcoin advocates have visited the Central African Republic and offered advice on how the country can best adopt BTC as legal tender.The Central African Republic (CAR) shocked the world when its president announced that the country had adopted bitcoin as legal currency.While some assumed that...

Jun 17 2022

Bitcoin Mining Could Be The Answer To Nigeria’s Inflationary Crisis

Renewable energy potential, wide adoption and deflationary fiat make Nigeria the perfect home for extensive bitcoin mining operations.This is an opinion editorial by Heritage Falodun, a software engineer and co-host of the “Bitcoin In Nigeria” podcast.The aim of this work is to give a brief, concise but insightful elucidation around the economic meltdown and environmental degradation in Nigeria,...

Jun 08 2022

Bank Of Uganda Invites Cryptocurrency Businesses To Discuss Technicalities With Central Bank

The Bank of Uganda has advised members of the Blockchain Association of Uganda to understand more about cryptocurrency sector. The bank has stated that it will be glad to work with crypto platforms in its forthcoming Regulatory Sandbox. It referenced a meeting between both parties early last month in a letter addressed to Kwame Rugunga, the Blockchain Association of Uganda...

Jun 07 2022

How Can The Bitcoin Community Help Bring An End To The War In Ethiopia?

Jun 07 2022 Published at Bitcoin Magazine under tags  africa culture ethiopia opinion war

Bitcoin’s attributes leave it well-positioned to help facilitate an end to a genocidal war in Ethiopia.This is an opinion editorial by Michael Abraha, a contributor to Bitcoin Magazine.As the world has quickly shifted its attention to Ukraine, the ongoing genocidal war in Tigray, Ethiopia, has continued for almost 17 months. This underreported war hasn’t seen much time in the mainstream...

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