Bitcoin price as well as the trading volumes are increasing in Nigeria.
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BitX News
BitX exchange is a global platform for cryptocurrency trading. The company was founded in 2013 and the main cryptocurrency used on BitX is Bitcoin. Initially, BitX aimed to be used solely as the BitX app for mobile devices by African citizens, as many in the continent do not have computers or bank accounts, operating with mobile phones only. Besides this, African national currencies are under the risk of hyperinflation, which resulted in such a platform gaining rapid popularity, as Bitcoin can be sold, bought, sent and received instantly and for low transactional fees. According to the company, the platform only uses modern banking technology and frequently performs auditing, and finance and technology checks. BitX provides users support on local African markets.
A manager from Bitx, one of Africa’s biggest Bitcoin exchanges explains why Bitcoin sprawls in Africa.
1973A Tokyo judge has ruled that bitcoin’s are not subject to ownership; Intel is hiring a researcher to investigate hardware and software to advance decentralized ledgers; and more news
870BitX has raised a US$4 million in its Series A funding round led by the South African media firm Naspers through its payments subsidiary PayU.
686Singapore-headquartered Bitcoin exchange BitX, which already has offices in Cape Town and Jakarta, has launched operations in Nigeria.
1284Bitcoin and Africa are often mentioned in the same sentence, particularly when talking about remittances and the unbanked.
1395New Daily Digest on Hong Kong Issues Bitcoin Warning, Russia Reconsiders Stance, and BitPesa Raises US$1.1 Million
746BitX launched the first wallet and exchange service in Kenya on August 6.
1201To be more particular the exchange company form Africa is bought by a software development company either located on the same black continent. The company is called Switchless, the exchanger – BitX.
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