“The Global South is where we should be looking” for Bitcoin adoption, Paxful CEO Ray Youssef told Cointelegraph in an interview at the gym.
Egypt News
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From institutional crypto usage in the United Arab Emirates to remittance payments in the Egyptian market, the last year revealed major growth for crypto in the MENA region.
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Project reps say the platform has transferred more than 1,100,000 actual trade and finance documents for over 75,000 customers since its implementation.
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The COVID-19 pandemic has highlighted the necessity for the digitalization and sustainable development of African economies.
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People continue to turn to Bitcoin and other cryptocurrencies to boost their profits even amid a pandemic.
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Numerous emerging crypto markets are showing dramatic growth in P2P trade, with India and Ghana producing enormous growth during 2020.
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Crypto adoption appears to be growing across the continent of Africa.
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The National Bank of Egypt has signed a cooperation agreement with Ripple to establish new channels for inward remittances.
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Skepticism to crypto in Islamic countries is not a pure rejection, but a result of uncertainty, according to an Islamic finance expert.
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The Egyptian government is ready to overcome years of uncertainty on crypto, with new laws reportedly coming by the end of 2019.
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A new draft banking law will make it mandatory to obtain licenses in advance of operating platforms for issuing or trading crypto.
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A sub-governor from the central bank of Egypt has said the entity is looking into issuing a blockchain-based digital currency.
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Bitcoin and blockchain tech are ripe for mainstream adoption in Africa, where the population is well positioned to embrace the innovative technologies.
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Both crypto mining and cryptojacking are more common on college campuses than in the five other industries studied, according to Vectra report
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A study has shown that Egyptian Internet user traffic is being manipulated by gov’t-linked entities to redirect users to crypto mining sites and ads.
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