Tag: africa

Sep 16 2021

Bringing Bitcoin To Ethiopia With Kal Kassa

Bitcoin advocate Kal Kassa discusses bringing Bitcoin to Ethiopia and its potential in Africa at large.Watch This Episode On YouTubeListen To This Episode:...

Sep 15 2021

Cryptocurrency Adoption Increases Significantly in Africa

The total value of Africa’s crypto market jumped by nearly 1,200% between July 2020 and June 2021.

Sep 14 2021

Report: Bitcoin Adoption In Africa Grows 1,200% In One Year

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,...

Aug 24 2021

Africa Now Has The Largest Volume Of Bitcoin Peer-To-Peer Trading Worldwide

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...

Aug 23 2021

Kenya does more peer-to-peer crypto trades than anywhere else in the world

Aug 23 2021 Published at CryptoSlate under tags  adoption africa kenya nigeria p2p

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....

Aug 16 2021

Bank of Ghana Signs Partnership With Giesecke+Devrient for CBDC Pilot

The e-Cedi CBDC pilot will be conducted under three phases with the support of the German finance firm.

Jul 13 2021

Bitcoin, Ethereum peer-to-peer volumes in Nigeria continue surging

Jul 13 2021 Published at CryptoSlate under tags  adoption africa bitcoin btc nigeria

Despite the crypto ban in Nigeria, the country has recorded massive growth in its peer-to-peer bitcoin trade volumes in recent times. Available data has revealed that in the month of June, citizens of the...

Jul 12 2021

Jun 30 2021

Will An African Country Be The Next To Adopt Bitcoin?

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...

Jun 23 2021

Fighting Monetary Colonialism With Open-Source Code

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...

Jun 17 2021

The Marathon: Ethiopia And Bitcoin

Jun 17 2021 Published at Bitcoin Magazine under tags  africa culture ethiopia

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...

Jun 15 2021

African countries leads the pack in Bitcoin ‘peer-to-peer’ trading, data shows

Jun 15 2021 Published at CryptoSlate under tags  adoption africa bitcoin nigeria payments

Available data has shown that African countries are leading the pack when it comes to Bitcoin peer-to-peer (P2p) trading in recent times. According to UsefulTulips, the continent...

Jun 14 2021

May 12 2021

Check Your Financial Privilege

May 12 2021 Published at Bitcoin Magazine under tags  africa culture ethiopia nigeria sudan

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 “...

Apr 29 2021

Peer-To-Peer Bitcoin Trading Rising Across Africa

Apr 29 2021 Published at Bitcoin Magazine under tags  africa culture kenya nigeria p2p

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...

Mar 31 2021

Xend Finance – Africa’s First DeFi Platform Takes Off

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...

Mar 16 2021

The Rising Popularity Of Bitcoin In South Africa

Mar 16 2021 Published at Bitcoin Magazine under tags  adoption africa culture south africa

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...

Feb 12 2021

Jack Dorsey, Jay-Z Put 500 Bitcoin Into Trust Supporting Africa and India

Feb 12 2021 Published at CoinDesk under tags  africa coinflash fundings india jack dorsey

"It‘ll be set up as a blind irrevocable trust, taking zero direction from us," said Dorsey.

Feb 11 2021

Nigeria’s Senate Summons Central Bank Chief to Explain Crypto Ban

The Nigerian Senate wants Central Bank Governor Godwin Emefiele and chief securities regulator Lamido Yuguda to testify about cryptocurrencies.

Acknowledging BTC Sovereignty, Nigeria Becomes Bellwether For Hyperbitcoinization

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...

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