Bitcoin is proving its value as an inflation hedge and store of value by hitting repeat all-time highs in multiple currencies.
Egypt News
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The new all-time highs come despite Bitcoin still being down over 50% against its price peak of $69,000 against the U.S. dollar.
19247“The Global South is where we should be looking” for Bitcoin adoption, Paxful CEO Ray Youssef told Cointelegraph in an interview at the gym.
3095From institutional crypto usage in the United Arab Emirates to remittance payments in the Egyptian market, the last year revealed major growth for crypto in the MENA region.
4115Project reps say the platform has transferred more than 1,100,000 actual trade and finance documents for over 75,000 customers since its implementation.
3394The COVID-19 pandemic has highlighted the necessity for the digitalization and sustainable development of African economies.
7723People continue to turn to Bitcoin and other cryptocurrencies to boost their profits even amid a pandemic.
11932Numerous emerging crypto markets are showing dramatic growth in P2P trade, with India and Ghana producing enormous growth during 2020.
3962Crypto adoption appears to be growing across the continent of Africa.
16575The National Bank of Egypt has signed a cooperation agreement with Ripple to establish new channels for inward remittances.
7055Skepticism to crypto in Islamic countries is not a pure rejection, but a result of uncertainty, according to an Islamic finance expert.
5159The Egyptian government is ready to overcome years of uncertainty on crypto, with new laws reportedly coming by the end of 2019.
6668A new draft banking law will make it mandatory to obtain licenses in advance of operating platforms for issuing or trading crypto.
3485A sub-governor from the central bank of Egypt has said the entity is looking into issuing a blockchain-based digital currency.
5843Bitcoin and blockchain tech are ripe for mainstream adoption in Africa, where the population is well positioned to embrace the innovative technologies.
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