"Digital is the Cash" is a short, accessible read, looking at cryptocurrency from a vaguely African perspective, with a strong preference for Dash.
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.
Volvo’s venture arm invests in blockchain traceability startup Circulor to track the origins of raw materials.9651
A joint initiative of Akon’s Akoin and Dutch Effect.AI, the Kenyan Opportunity Hub will promote blockchain education and new work opportunities.3935
Sub-saharan Africa now represents more than $15 million in combined weekly peer-to-peer trade following triple-digit growth over just a few months.3657
Regions of the world with fast-growing economic potential and young populations, such as India and Africa, will become leaders in crypto adoption.4096
Blockchain tech and crypto donations incorporated into the philanthropy sector have a chance of significantly improving the entire industry.5474
A peer-to-peer crypto exchange is hosting six free online sessions to educate African consumers and businesses about Bitcoin.5115
Google Trends data compiled by Blockchaincenter.net shows search interest in Bitcoin is highest in Kenya and Brazil.9313
The Bank of Ghana’s first deputy governor says the institution remains committed to piloting a central bank digital currency.4195
The blockchain peer-to-peer renewable energy platform has now closed its $4 million Series-A funding round.5856
Emerging technologies such as blockchain can dramatically improve the situation with the healthcare industry in Africa by its implementation.4413
The operator of an alleged seven-figure crypto scam appears to have fled the country of South Africa for Mozambique.6263
Crypto payments network Electroneum takes aim at expanding to African countries with new electricity top-up feature.10826
According to a recent report, Africa’s lack of traditional financial infrastructure makes the region fertile ground for cryptocurrency adoption.3257
Crypto adoption appears to be growing across the continent of Africa.15151