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.

Top News

Why is the crypto market down today?

Why is Bitcoin price down today?

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Cointelegraph’s Elisha Owusu Akyaw shares how cryptocurrency is changing the financial landscape in Africa — and the opportunities and challenges that come with...

Africa: The next hub for Bitcoin, crypto adoption and venture capital?

Jonathan DeYoung

2023-03-29T13:05:00+01:00

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Crypto P2P users in Nigeria worry over using various platforms to transfer funds as the country’s central bank cracks down on bank accounts that received a shar...

Nigerian crypto investors question central bank’s decision to flag P2P users

Amaka Nwaokocha

2023-03-29T13:02:23+01:00

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Eche Emole, the co-founder of Afropolitan, explains how the nation-state experiment has failed, especially in Africa, and how blockchain can be used to reimagin...

How blockchain can help reimagine a new state in Africa

Elisha Owusu Akyaw

2023-03-23T12:05:00+00:00

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The acute cash shortage in Nigeria was due to the central bank’s decision to replace older bank notes with bigger denominations amid rising inflation.

Nigeria CBDC adoption spikes as fiat currency shortage grip the nation

2023-03-22T08:12:50+00:00

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In a letter to investors, BlackRock CEO Larry Fink highlighted the benefits of digital assets and said developing nations like the U.S. are lagging behind in in...

Developed markets lagging behind in digital payments: BlackRock CEO

Savannah Fortis

2023-03-16T13:54:40+00:00

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Cassava Network’s recent v3 product launch allows Africa’s Web2 users to get onboarded to Web3 while earning rewards and increasing their income.

Web3 platform partners with self-custody wallet to broaden crypto adoption in Africa

Amaka Nwaokocha

2023-03-09T13:45:00+00:00

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Why is there a groundswell toward Bitcoin adoption in Dakar? And could it influence neighboring countries and regions to explore magic internet money?

Why Senegal rejects the CFA and is warming to Bitcoin: Video

2023-03-08T19:00:00+00:00

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Blockchain technology is empowering women in developing countries with financial freedom and improved access to social inclusivity and growth.

How blockchain empowers women in developing economies

2023-03-08T08:05:00+00:00