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
P2P platforms, the need for remittances to circumvent restrictions from banks, and putting savings into crypto as a means of avoiding inflation could have contr...
Africa’s crypto market has grown by more than 1,200% since 2020: Chainalysis
Turner Wright
2021-09-14T22:15:00+01:00
4992
Analysis
Nigeria’s central bank digital currency will go into pilot testing on Oct. 1 with a tiered AML/KYC regime for the eNaira.
Project Giant: Nigeria’s CBDC set for pilot rollout on Independence Day
Osato Avan-Nomayo
2021-09-07T14:07:00+01:00
5667
News
Akon City, the ambitious ideas for a pan-African crypto-powered smart city in Senegal from rapper Akon, has not progressed past the laying of a ceremonial stone...
Senegalese locals left disillusioned by lack of progress on Akon City
Samuel Haig
2021-09-06T03:47:09+01:00
11477
News
The report indicates that the adoption of crypto assets jumped 880% worldwide, with peer-to-peer platforms driving cryptocurrency usage in emerging economies.
Emerging economies dominate Chainalysis’ 2021 Global Crypto Adoption Index
Sam Bourgi
2021-08-18T12:00:00+01:00
2611
News
Afroblocks’ co-founder urges Ghana’s central bank to involve the in-house crypto experience and expertise to help the e-cedi succeed.
Ghana’s digital cedi must emulate cryptocurrencies, Afroblocks states
Arijit Sarkar
2021-08-17T13:05:40+01:00
2095
News
MMTC founder Julius Mwale and Akon are expected to be in attendance at next month’s major launch event that will unveil Akoin’s national rollout across Kenya.
Akon’s Akoin pilot heralded a success, eyes countrywide rollout in Kenya
Sam Bourgi
2021-08-04T21:30:00+01:00
11965
News
The Central Bank of Nigeria will start the pilot of its central bank digital currency, which runs on the Hyperledger Fabric blockchain, on Oct. 1.
Nigeria to pilot central bank digital currency in October
Marie Huillet
2021-07-23T10:09:21+01:00
4433
News
The project said it would be paying roughly 6,000 farmers for crops adversely affected by climate change before the end of the season.
Etherisc onboards 17K Kenyan farmers covered by blockchain-based crop insurance
Turner Wright
2021-07-21T12:00:00+01:00
3447

Follow us on Facebook