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
A new report has found almost half of all Bitcoin traded on the P2P exchange Paxful is exchanged for gift cards.
Traders on Paxful sell $16.2M of Bitcoin for discounted gift cards each week
Samuel Haig
2020-10-23T07:03:21+01:00
8389
Overview
Despite facing hot-and-cold rules, growing crypto usage in sub-Saharan Africa is forcing regulators to reconsider the industry.
Exploring the landscape of crypto regulations in sub-Saharan Africa
Guest Author
2020-10-19T19:05:00+01:00
2476
Opinion
The ease and convenience of services backed with the emerging techs can dramatically improve the financial landscape in Africa.
Emerging technologies can change the African financial landscape
Guest Authors
2020-10-04T15:00:00+01:00
8705
News
A stablecoin that will be used to pay entrance fees for the golfing tournaments of a Kenyan 'entrepreneurs network’ has started testing under the local regulato...
Kenya’s golf stablecoin highlights need for Africa-wide regulations
Samuel Haig
2020-09-29T07:00:03+01:00
4934
News
African crypto adoption has exploded in 2020, prompting fears of a heavy-handed regulatory response
Booming African crypto adoption drives concerns over regulation
Samuel Haig
2020-09-23T06:53:52+01:00
6204
News
The P2P marketplace continues its push to highlight the benevolence and positive nature of the Bitcoin community.
Paxful breaks ground on Nigerian school in #BuiltWithBitcoin initiative
Jack Martin
2020-09-17T14:00:00+01:00
6504
News
The region's traders are highly aware of scams and avoid them.
African traders least likely to fall for crypto scams: Chainalysis
Turner Wright
2020-09-17T02:13:15+01:00
2967
News
‘Virtual crypto assets are securities, unless proven otherwise,’ the Nigerian SEC said.
Nigeria regulators recognize digital assets in stunning new statement
Turner Wright
2020-09-15T00:02:00+01:00
7757

Follow us on Facebook