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
The central bank has “already begun preparations” for a digital shilling, according to Bank of Tanzania Governor Florens Luoga.
Tanzania reportedly makes plans to launch CBDC
Turner Wright
2021-11-26T18:28:49+00:00
7983
News
Proceeds from Orica’s NFT auction at Malta AI & Blockchain Summit hope to fund Ssese Islands education.
Funding platform Orica partners with NGO to use NFTs to build a school in Uganda
Ornella Hernández
2021-11-19T14:35:46+00:00
2393
News
Minister Monica Mutsvangwa clarified that Zimbabwe is not considering the adoption of cryptocurrencies or Bitcoin.
Zimbabwe minister signals CBDC interest amid Bitcoin adoption rumors
Arijit Sarkar
2021-11-10T09:07:05+00:00
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Zimbabwe is currently engaged in consultations regarding growing interest in crypto and the potential risks.
Zimbabwe may be the next country to embrace Bitcoin as legal tender
Arnold Kirimi
2021-11-08T11:34:18+00:00
21751
News
It's been barely half a year since Cardano's network hit the 1 million wallets mark.
Cardano prepares to scale with Hydra upgrade as network reaches 2M wallets
Zhiyuan Sun
2021-11-02T16:30:00+00:00
40414
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Flutterwave is teaming up Tempo Payments to use USDC on Stellar to target Africa’s enormous remittances market.
Stellar partners tap USDC for remittances between Europe and Africa
Martin Young
2021-10-26T05:05:35+01:00
8972
News
The Nigerian central bank digital currency was originally slated for launch earlier this month, but it has been delayed.
Nigerian president to unveil eNaira central bank digital currency
Arnold Kirimi
2021-10-25T11:58:03+01:00
4599
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Offline CBDC functionality will help bring financial services to Ghanaians who lack access to bank accounts or an internet connection.
Ghana to explore offline transactions for upcoming CBDC
Inigo Vaca
2021-10-19T01:51:22+01:00
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