Bitcoin advocate Kal Kassa discusses bringing Bitcoin to Ethiopia and its potential in Africa at large.Watch This Episode On YouTubeListen To This Episode:...
The continent is the third-fastest growing bitcoin economy globally, powered by retail users seeking to save and transfer money.Bitcoin adoption in Africa has skyrocketed over the past year, growing over 1,200%, according to a report by Chainalysis. The increased activity in the region has been fueled by retail investors,...
The continent recently surpassed North America in bitcoin P2P trading volume, having transacted $18,073,777 worth of BTC in the last seven days.Africa has become the continent with the largest volume of bitcoin peer-to-peer trading in the world, according to data from analytics platform UsefulTulips. In the past seven days, the continent's...
According to the recent Global Crypto Adoption Index 2021 report by Chainalysis, Kenya leads the world when it comes to crypto transactions in terms of peer-to-peer (P2P) trading. The East African country’s peer-to-peer exchange trade stands ahead of the over 150 surveyed countries, ahead of other African superpowers like Nigeria, South Africa, and Ghana....
The continent is ripe for the opportunity of embracing the interconnecting digital economy of Bitcoin.With El Salvador becoming the first country to give legal tender status to bitcoin, it begs the question: should African countries follow suit? After June 8, we can say that the world entered the “nation state...
France still uses monetary colonialism to exploit 15 African nations. Could Bitcoin be a way out?In the fall of 1993, Fodé Diop’s family was saving up for his future. A brilliant 18-year-old living in Senegal, Fodé had a bright path in front of him as a basketball player and an engineer. His father, a school teacher, had helped him find inspiration in...
The African country is primed to embrace bitcoin, culturally and economically.Africa is large, young and dynamic. What happens when a country like Ethiopia puts Bitcoin to the ultimate stress test?I. Little Brother BitcoinEthiopia, like most countries, is bound to have a Central Bank Digital Currency (CBDC), in the flavor of a U.S. dollar backed Ethiopian birr. This new CBDC will...
Recently, El Salvador has given Bitcoin the status of a legal tender.
While those comfortable in the dollar bubble deride Bitcoin, the stories of three emerging market users demonstrate why it is so important.In the eyes of most Western elites, investors, journalists and academics, Bitcoin rates anywhere from an annoyance to a disaster.Just a few days ago, American billionaire Charlie Munger described Bitcoin as “...
The conditions for growth are ripe as the continent embraces the freedom of Bitcoin.Bitcoin was developed with the intent of putting financial control back in the hands of the people. In the years since its inception, Bitcoin adoption has grown worldwide. Recently, there has been a sharp increase in peer-to-peer bitcoin trading across Africa.According to data from...
In a first for the African continent, Xend Finance, a Nigeria-based decentralized finance (DeFi) platform, has launched their mainnet. The platform allows users to create cooperatives, as well as Esusu groups, a traditional method by which Africans rotate savings. Founded in 2019 by Aronu Ugochukwu and Abafor Chima, Xend Finance is a decentralized finance (DeFi) platform that provides tools and outlets for a...
A combination of factors makes South Africa a notable hotbed for Bitcoin adoption, even among a region that has embraced BTC.South Africa is, without doubt, one of the most advanced countries in Africa — if not the most advanced. The South African country has also become a popular hotbed for the digital currency market. In fact, it is considered by many to...
The Nigerian Senate wants Central Bank Governor Godwin Emefiele and chief securities regulator Lamido Yuguda to testify about cryptocurrencies.
Today, the Senate of Nigeria —which has similar legislative powers to the U.S. Senate — shared notes from its daily proceedings. Among the presentations of bills and reports was discussion of a recent reminder from the Central Bank of Nigeria (CBN) that financial institutions are prohibited from facilitating any accounts transacting with cryptocurrency exchanges. During that discussion, a Nigerian official made a...
News 