Recap
With Ethiopia supporting Bitcoin mining at the state level, the crypto sector in Africa is entering a new chapter, with private players joining in.
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Africa News
Africa is the second largest continent in the world in terms of both territory and population. There are 55 states located on the continent. Economies in Africa differs from country to country. In Africa, cryptocurrency tends to be sold with a large trade margin which can even reach 100% due to several reasons. Firstly, Bitcoin in Africa is very difficult to mine because of the climate and lack of infrastructure. Also, cryptocurrency is in big demand in Africa as national currencies are vulnerable to hyperinflation. Besides that, since there are only a small number of virtual currency retailers they are able to set high prices. The relative financial stability of digital money and the opportunities for profit make cryptocurrencies very popular in Africa.
- Announcement
Cointelegraph partners with TheBlock. to boost tokenization, compliance and real-world asset adoption in the MENA region through joint events and coverage.
10625 - News
The USDC issuer expands further into Africa, joining forces with Onafriq to pilot stablecoin settlements across 40 countries and 200 million bank accounts.
9157 - News
Phoenix Group added 52 megawatts to its Ethiopian Bitcoin mining operations, raising its total there to 132 megawatts, with a reported over 500 megawatts worldwide.
2809 - Opinion
Farmers are increasingly turning to stablecoins to facilitate cross-border payments, streamline operations, and gain access to global markets.
6992 - Opinion
Crypto companies have spent years pushing digital wallets and exchange apps. Cash-based crypto solutions could unlock financial inclusion for overlooked billions of cash-reliant people in developing economies.
1263 - Opinion
Boutique market makers offer tailored liquidity solutions that address local challenges and provide stable financial access, while bridging liquidity gaps in emerging markets.
1510 - News
Ripple has partnered with Chipper Cash to integrate Ripple Payments into its cross-border transaction system.
16800 - Recap
Clear regulations and licensing structures in African markets, especially in South Africa, are driving crypto adoption, solving some of the legacy financial challenges.
14874 - Analysis
As Nigeria grapples with economic challenges, the government is set to introduce a tax on cryptocurrency transactions. This move appears to be an effort to tap into the burgeoning digital economy and the informal sector.
2766 - Markets News
Stablecoin use in emerging markets soars despite the absence of crypto-friendly regulations and basic banking infrastructure. Will the US catch up to this trend?
2369 - News
Stablecoin giant Tether has agreed to help the Republic of Guinea explore the possibility of using blockchain and set up education programs on the technology.
2670 - Opinion
Africa’s unique challenges and vast potential drive crypto innovation, potentially catalyzing global adoption and refining blockchain technology for everyday use.
1899 - News
The Hashgraph Association has partnered with Taurus to advance secure custody, staking and tokenizing Hedera’s HBAR cryptocurrency globally.
7988 - Opinion
Crypto investment should more closely follow adoption patterns in emerging markets.
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