CloudKoin facilitates cross-border payments, promoting cost-effective and efficient transactions for businesses and individuals.
It improves financial access for unbanked individuals and communities across...
Olanipekun Olukoyede, chairman of Nigeria's EFCC, promotes the rise of Nigeria's AI adoption to combat illicit financial flows (IFFs) in Africa.
Africa loses $88.6...
After declining, CV Summit investor trust in African blockchain businesses is rising.
Africa Fund, launched by Crypto Valley Venture Capital, funds blockchain entrepreneurs.
Blockchain education, openness, and long-term growth are stressed in the panel talks.
Investor optimism in the blockchain startup ecosystem in Africa increased once more at the most recent CV Summit in...
The partnership between Ivorypay and Tether aims to enhance accessibility, stability, and efficiency in digital transactions across Africa.
Blockchain-based payments offer advantages such...
Republik Rupiah is an Indonesia-based research platform designed to aid investors, locals, and innovators in understanding and navigating the world of decentralized finance.
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Lightspeed Faction revealed its official $285 million crypto startup fund aimed to overhaul the interaction of Decentralized applications in today's market.
The blockchain...
Ripple has partnered with Onafriq fintech to expand cross-border payment systems in Africa.
On November 5th, 2023, MFS Africa officially rebranded to...
The essence of the Humanity Protocol is the transformative power of community staking.
Community staking involves a collective of individuals who pool their...
In June 2023, Kasi Insight, a renowned market research firm, released a comprehensive report titled "The State of Cryptocurrency," shedding light on the...
Blockchain technology can solve Africa’s financial needs—precisely the disruption needed to level the playing field. This parallel financial structure can serve a tangible social good, offering an onramp to Africa’s financial landscape for people who would otherwise be excluded.
The local currencies’ depreciation in Africa has made them no longer a safe store of value. While remittances comprise a hefty portion of GDP, international sanctions complicate linkages to the global economy. Thus, blockchain and crypto can offer a lifeline for the survival of Africa’s financial landscape.
African policymakers have remained apprehensive that people could use cryptocurrencies to illegally transfer funds from the region and sidestep local rules to avert capital outflows. Widespread crypto usage could also create risks for financial and macroeconomic stability by undermining the effectiveness of the monetary policy.
The risks become even greater if countries adopt crypto as legal tender. Many people feel that if governments accept and hold crypto assets as means of payment, it could put public finances at risk. Until the time comes that African governments evolve a suitable regulatory response to the rise of web3 and blockchains, crypto self-regulation will help to shield customers against fraudulent elements within the ecosystem.
African internet penetration rate is 43.1%
Google Equiano undersea cable brings many technical innovations which will ultimately result in a tripling of internet...
