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
Creditcoin founder Tae Oh said the partnership brings them closer to their goal of giving the unbanked a fairer shot.
Lending network enables transparent credit history in Africa via blockchain partnership
Ezra Reguerra
2022-06-29T15:00:00+01:00
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News
The Sango project’s plans include building a "legal crypto hub," expanding the adoption of Bitcoin, and creating a “crypto island” — a special economic zone in ...
Central African Republic president launches crypto initiative following Bitcoin adoption
Turner Wright
2022-06-27T22:00:00+01:00
7057
Analysis
Is gold becoming inflationary? Can Bitcoin replace it as a store of value due to its scarcity and reliability? Are Uganda’s numbers implausible? Questions arise...
Uganda’s gold discovery: What it could mean for crypto
Andrew Singer
2022-06-24T15:50:00+01:00
46391
Interview
A young Zimbabwean Bitcoiner built out a business with Bitcoin — importing cars and sending remittance payments — when he returned to his homeland during the CO...
Bitcoin in Zimbabwe: Importing cars and sending money to family
Joseph Hall
2022-06-21T12:50:42+01:00
7198
News
For the past few weeks, the crypto market has been in a tailspin. While other investors may have given up on BTC, its ardent supporters continue to extol its vi...
CAR president urges citizens to understand Bitcoin to bring long-term prosperity
Arnold Kirimi
2022-06-16T10:10:50+01:00
3737
Expert Take
How blockchain technology might help developing economies increase financial inclusion — a closer look at financial services in Ghana.
Blockchain for sustainable development: The case of Ghana
Dustin Jung
2022-06-11T06:14:00+01:00
4294
News
The bank advised the Blockchain Association of Uganda (BAU) to sharpen up its knowledge of the sandbox regulations, inviting its members along to further techni...
Ugandan central bank U-turns on crypto, welcoming firms to regulatory sandbox
Jesse Coghlan
2022-06-06T05:43:26+01:00
3437
News
The impoverished country has launched an ambitious crypto project that includes using Bitcoin as legal tender, attracting investment and creating its own metave...
Central African Republic to tokenize the nation’s natural resources
Derek Andersen
2022-06-03T18:30:00+01:00
3280

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