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Michael Bumann has been in Nairobi, Kenya for several months updating himself on the tech scene there.
While Africa’s first Bitcoin ATM is installed in Johannesburg, the city is also host to a company that allows its electricity customers to use Bitcoin to top up their prepaid meters.
Bitcoin has made a lot of progress over the last six-plus years. It has gone from a Western-based invention used by a few computer guys like Satoshi Nakamoto, the late Hal Finney, and Mike Hearn
Bitcoin in Africa is a hot topic, and Kenya, with its mobile payment precedent, is no exception – so it is at first curious that coder Stephen Gornick begins an interview “At this point there is very little Bitcoin activity in Kenya.”
While the hyperinflationary episode technically peaked in Zimbabwe in 2008, its national fiat currency has finally reached its painful end.
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SimbaPay is a remittance service provider headquartered in London that enables Africans in UK to send money from their bank accounts back home fast, cheaply and securely.
In the face of difficult challenges, the African continent is determined to make a significant impact in the cryptocurreny ecosystem, especially with Bitcoin.
The first Bitcoin conference to take place in Africa will be held in Cape Town this year, on April 16 and 17.
Cointelegraph SA recently attended the African Cards & Payments Conference in Sandton, Johannesburg, where local bitcoin payment processing company PayFast stood out as a technology company with a vision.
The key to Africa’s prosperity lies in the hands of its young entrepreneurs or “Cheetahs” who are increasingly turning to bitcoin to drive positive change across the continent.
Analysis of the biennial Payment Innovations Report 2015 from June 17 has described an increasingly successful FinTech sector in Asian and African countries.
The fourth Savannah Fund accelerator class is underway. BitFinance, a bitcoin exchange in Zimbabwe, is one of four startups selected from a list of over 150 applications from across Africa.
Central Bank of Nigeria prohibits the acceptance of foreign currency cash deposits by Deposit Money Banks.
Inconsistent policies surrounding fiat in Nigeria has caused panic. It seems the perfect opportunity for Bitcoin startups in Africa.
If bitcoin acceptance reaches a critical mass where necessities of food, shelter, and clothing can be bought with it, it will likely have reached a tipping point where it displaces national currencies.
It is a well-documented fact that Africa has a huge number of unbanked, which in some countries goes beyond 70%, and also incurs very high costs of money transmission. It follows then that when Bitcoin is mentioned in the same breath as Africa, it is often as a technology that is in a position to help solve these probl...
While billions of people around the world lack access to bank accounts and credit cards, those who have easy access to such services are choosing to give them up.
Beam is a brand new bitcoin company looking to shake up the African remittance industry. They are utilizing Bitcoin’s payment system and borderless nature to give Ghanaians cheaper and quicker remittances. When bitcoins are sent to Beam, Beam will immediately turn the bitcoins into Ghana’s fiat currency, the Ghana cedi...
Recent news about Ebola virus outbreak sweeping across Africa are troubling. With the death toll of almost 900 people in several months, we cannot just stand by the wayside and do nothing.
Africa has achieved yet another milestone in the world of cryptocurrency as the first quarter of 2015 drew to a close.
What hinders Bitcoin penetration in Africa? Cointelegraph spoke about it with experts in the cryptocurrency community.
With the growing Bitcoin use in Africa, industry insiders foresee its overtake of mobile payment in Africa.
Despite having the market capacity to be a big ground for Bitcoin, coupled with other factors such as a worsening economic situation, Nigeria still lags behind with the top digital currency.
As it is just a matter of time for the Bitcoin bubble to burst in India so it is a little sooner for the multiplier effect of the burst to spill over to Africa.
Another disruptive technology powered by the Blockchain is set to completely eliminate the outrageously high cost of remittances to Africa.
Will Bitland's first official ICO initiate a process which would resolve the prevailing global rural real estate conflicts?
Bitcoin nerds wanted in Africa! The UN wants volunteers to travel to Sierra Leone to help spread the gospel of Satoshi.
It may take some time but the fact that Bitcoin is an alternative to several African challenges, it will crack it in Africa
R3 Consortium gets truly global by the addition of its first African bank.
More effective transaction processes and lower charges encourages Nigerians to seek cross-border employments amidst harsh local economic conditions.
Smart contracts can help avoid human error and prevent fraud in countries like Nigeria.
A manager from Bitx, one of Africa’s biggest Bitcoin exchanges explains why Bitcoin sprawls in Africa.
A recent hike in oil prices in Nigeria may increase Bitcoin adoption for cross border transactions, safekeeping and investments.
African blockchain-related startups will pitch new products at SWIFT African Regional Conference in Mauritius on May 18.
Whether Bitcoin would be a better option for the southern African state of Zimbabwe to adopt as an alternative method of payment or not has triggered an online discussion this past week.
Bitcoin mining in Africa is almost non-existent yet the virtual currency’s level of adoption grows.
The British Commonwealth announced a new project to develop a Blockchain app to combat cross-border crime.
Ghana’s Financial Intelligence Centre says the use of bitcoin and kitiwa is a severe risk to the country’s security.
With the high mobile phone penetration already in place, Africa is set to enable more users to download a Bitcoin wallet on their devices.
Our expert Brandon Kostinuk, Communications Lead at Vanbex Group, analyses the role of the world’s unbanked in Fintech innovations and technological advancement.
Juniter’s prediction of 5 million Bitcoin users by 2019 sounds lackluster, but if current activity in Africa is sustained, it could also be proven meaningless.
South African payments gateway PayFast added bitcoin as a payment method on its platform, partnering with the BitX exchange and allowing buyers to make purchases using bitcoin at over 30,000 online sellers
A dearth of donations for fighting Ebola is leading those on the frontline to consider Bitcoin as a major tool for change – and are introducing the currency across affected African countries.
First Bitcoin ATM in Africa was headed for Johannesburg and would be installed by month’s end.
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