Some companies are using blockchain technology to open up the logistics routes that COVID-19 has closed down.
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.
Uganda’s government has reportedly allocated land for Akon’s crypto-city development project in the country.9652
Blockchain Africa highlights the remaining hurdles that stand in the way of widespread adoption of crypto and blockchain on the continent.23305
The governor of the Central Bank of Nigeria has seemingly softened his stance on crypto for individuals, if not banks.17453
The COVID-19 pandemic has highlighted the necessity for the digitalization and sustainable development of African economies.6729
Standard Bank Group has become the first African node operator on the Hedera network.12278
Akon’s Akoin cryptocurrency is set to become the exclusive cryptocurrency of the Mwale Medical and Technology City in Kenya.21515
Just hours after an anonymous source claimed India would issue a blanket ban on all cryptocurrencies, Jack Dorsey and Jay-Z announced a 500 Bitcoin development trust.23233
The fintech firm hopes to expand financial products for the unbanked.5071
South African authorities will be keeping a close eye on the cryptocurrency space in 2021 in the wake of major scams and booming markets.21156
Crypto transactions in Kenya now attract a 1.5% tax.12121
Crypto payments network Electroneum is expanding its utility bill and mobile phone airtime top-up coverage to more countries in Africa.9540
Some of the world’s biggest freelancing sites have inadvertently cut out talented professionals from developing economies — but a crypto-powered platform is changing that.5515
The CEO of Cardano developers IOHK sees a promising path towards DeFi adoption throughout the world's second-most populous continent13162
A crypto payments network now allows mobile airtime and data to be purchased in 163 countries, with top-ups for electricity meters offered in five African nations.6759