Africans are turning to cryptocurrencies to avoid high fees and currency instability, with transfers to and from the continent increasing 55% over the last year.
Kenya, or officially the Republic of Kenya, is a state in Eastern Africa. Currently, Kenya is one of the most rapidly developing countries in Africa. In terms of Bitcoin, Kenya — as an economic center of the continent — has had a leading position in cryptocurrency use. Bitcoin mining in Kenya has become very popular among the community due to several reasons, such as less volatility relative to the national currency, the ability to earn money, etc., so even the local mass media spread the information about Bitcoin, which has led to a higher level of awareness among citizens of the country. The technology of blockchain in Kenya is considering for use by the real estate market to register ownership and for auditing, in order to make its services convenient and transparent.
Ukraine beats Russia, China and more in adoption metrics, according to new research from Chainalysis.7371
Numerous emerging crypto markets are showing dramatic growth in P2P trade, with India and Ghana producing enormous growth during 2020.3264
A joint initiative of Akon’s Akoin and Dutch Effect.AI, the Kenyan Opportunity Hub will promote blockchain education and new work opportunities.5500
Crypto adoption appears to be growing across the continent of Africa.15800
World regions with fast-growing financial and economic potential, such as Africa, could become the predominant crypto adopters.7973
Crypto exchange Binance is enabling citizens in five further countries to buy crypto using Visa cards with their national fiat currencies.11023
Africa remains one the most economically potential regions in the world, crypto and blockchain will help to drive its development.4570
Africa has enormous potential for developing a sustainable fintech industry. Here is the analysis of the three flagship economics in Africa: Kenya, Ethiopia and Ghana.3669
Three national units of the Red Cross are backing a blockchain-based currency scheme to enhance aid delivery and boost local economies.2982
Blockchain technology is finding real-world utility across Africa via public-private partnership agreements in solving some of the continent’s burning issues.13793
Microsoft’s technology, known as FarmBeats, uses blockchain, drones and AI to improve productivity and reduce water consumption on farms.4134
The Binance Charity Foundation has signed a Memorandum of Understanding with the NGO Safe Future, launching a project focused on education improvements.3001
Binance Charity Foundation has launched blockchain-enabled donation program pilot in schools in Uganda.3723
Kenya’s government aims to use blockchain to ensure that affordable government housing will go to the rightful recipients.7792