How would the world work with multiple CBDCs? One possible answer has been provided by the Bank for International Settlements in collaboration with four central banks that are working on CBDCs. It's code-named Project Dunbar and looks at cross-border CBDC transfers' feasibility.
The Nigerian central bank (NCB) has accused currency speculators in the country of being behind the local currency’s recent plunge to a new record of ₦710 against the dollar
Despite the currency continuing depreciation on the parallel market, the Central Bank of Nigeria (CBN) insists the Naira’s official exchange rate against the dollar remains at approximately ₦424 for US$1
The leader of a Nigerian association of bureau de change operators has smeared mud on crypto trading for the Naira’s recent plunge
Humanity Node Protocol(HNP) has run a blockchain-based extreme poverty eradication program for over four years, registering over 100,000 people
Humanity Nodes has become an accelerant for the DGDP of Africa by providing critical decentralized business architecture centred around issuing 300,000 Humanity NFTs and creating the 10,000 startups teams – African Startup League
These Humanity NFTs will be issued to 300,000 individual KYCd(verified identity) Africans in August 2022, who will serve as the operators of the 300,000 NFT business hubs
One of the pain points with cryptocurrencies is how they can be used for illicit dealings. Not unique but a real challenge, the idea of Central Bank Digital Currency (CBDC) is to remedy this by having a digital currency issued and supervised by a central bank. While this flies in the face of one of the more popular cryptocurrency features, decentralisation, it's something many agree is needed moving forward.
The Central Africa Republic is the first African nation and the world’s second after El Salvador (who took a similar move on September 7, 2021) to recognize bitcoin as legal tender.
@ethsafari are organizing a cryptocurrency event that will host several enthusiasts and experts from across Africa. The event is coming to Kilifi County, Kenya and is scheduled to run from the 18th to the 24th of September this year.
The economy in the metaverse banks relies on digital properties' authentication. These properties include one's metaverse home, automobile, farm, books, clothing, and furniture. The metaverse economy also requires the capacity to travel freely and trade between worlds with various laws and rules to thrive.
Kenya (Kenrail Towers), Uganda (Uganda Post Office), and Djibouti are all in East Africa (Djibouti one and strong) are at the forefront, each with one Bitcoin ATM station
Blockchain startups in Africa have raised US$91 million in the first quarter of 2022, a 1,668 per cent increase in cash flow compared with the Q12021 growth (149 per cent)
Where Bitcoin ATMs differ largely from traditional ATMs is that they mostly facilitate the purchase of cryptocurrency (cash deposit) and in very rare cases the sale of it (cash withdrawal)
Morocco recently announced, through its Central Bank, that it would soon unveil a Cryptocurrency Regulation Bill
Morocco was the first African country to...
The metaverse is a virtual space that connects several platforms, similar to how the internet connects various websites that offer access through a single...
