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.

News
Some companies are using blockchain technology to open up the logistics routes that COVID-19 has closed down.
$400M African fertilizer deal executed on blockchain eases COVID-19 slowdown
Greg Thomson
2021-04-07T13:29:41+01:00
14110
News
Uganda’s government has reportedly allocated land for Akon’s crypto-city development project in the country.
Akon to build second African crypto-city in Uganda
Osato Avan-Nomayo
2021-04-06T12:46:42+01:00
9646
Event Recap
Blockchain Africa highlights the remaining hurdles that stand in the way of widespread adoption of crypto and blockchain on the continent.
Optimism abounds for crypto and blockchain adoption at virtual Blockchain Africa
Gareth Jenkinson
2021-03-22T13:29:05+00:00
23304
News
The governor of the Central Bank of Nigeria has seemingly softened his stance on crypto for individuals, if not banks.
Nigeria's central bank not discouraging people from trading crypto, says governor
Turner Wright
2021-03-21T18:44:25+00:00
17453
Expert Take
The COVID-19 pandemic has highlighted the necessity for the digitalization and sustainable development of African economies.
Africa’s solarized digitalization agenda in the time of coronavirus
Selva Ozelli
2021-03-20T13:07:00+00:00
6729
News
Standard Bank Group has become the first African node operator on the Hedera network.
Hedera makes inroads in Africa as Standard Bank Group becomes node operator
Osato Avan-Nomayo
2021-02-24T11:00:00+00:00
12278
News
Akon’s Akoin cryptocurrency is set to become the exclusive cryptocurrency of the Mwale Medical and Technology City in Kenya.
Akoin rolled out in $2B medical metropolis in Kenya
Osato Avan-Nomayo
2021-02-19T07:25:48+00:00
21515
News
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 ...
Jack Dorsey and Jay-Z to set up 500 BTC blind Bitcoin trust in India, Africa
Greg Thomson
2021-02-12T08:45:58+00:00
23233

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