Tag: Africa's crypto adoption

Africa crypto industry players continue to crumble as The Bundle shuts down

Yele Badamosu, CEO of a VC firm and Director of Binance Labs developed the Bundle app in 2020. The Bundle teams announced...

Uganda takes a positive step towards crypto regulation

Uganda's Bitcoin trading volume ranged between $50,000 and $60,000 monthly, despite there existing a ban imposed by the government Noah Baalessanvu, a crypto...

Blockchain-based solutions for Africa’s recent antigovernmental protests

According to the African Governance Report(2019), Africa's poor governmental system is the primary downfall of its economic growth. Implementing a blockchain-based solution can...

Binance-Showmax patnership tags crypto adoption to the increasing video streaming market in Africa

Binance has held over 50 community-based events across Africa with KOLs, merchants, users and other stakeholders. Showmax is highly popular within the continent,...

New CBDC possibilities: Attain CAR citizenship through the Sango coin CBDC

CAR announced that individuals could attain CAR citizenship by bonding $60000 worth of Sango tokens for five years. The organization behind the launch...

Cassava Network Partners with Unipass to increase Africa’s crypto adoption

 Mouloukou Sanoh founded the Cassava Network, an African-based Web3 platform, to improve crypto and blockchain adoption Cassava Network has signed a partnership contract...

Discover Africa’s leading country for Crypto: Which nation takes the lead?

As a continent with 54 countries, there is natural interest to see which country will have the most cryptocurrency users per population and...

FTX Expansion into Africa: A new initiative to regain its former glory

As the FTX crypto exchange tries to recover from last year's crash, it has turned its attention towards Africa's crypto ecosystem. In search of more African crypto ambassadors, FTX is now targeting the high youth count within the continent. They stated that each student that referred their fellow peer to trade with the already bankrupt crypto exchange would receive a 40% commission. Some claim this is a strategic move from the former titan to gain momentum through African crypto traders. Others claim it is a mere act of desperation.

Opportunities and Challenges of Cryptocurrency Adoption in Seychelles

A nationwide survey showed an estimated 1257 crypto owners exist among 100,000 people. Virtual Asset Service Providers or VASP companies must have a...

Is cryptocurrency detrimental to web3 adoption in Africa?

In 1991 Stuart Haber and W. Scott Storenta were the first to perceive blockchain technology. Bitcoin became the pioneer of blockchain technology in...

Nigerian Bitcoin Lightning Node finally Achieved

Approximately 22 million people comprise the total trading volume in Nigeria. Megasley created a Bitcoin Lightning node and successfully operated it...

Crypto trading in Africa on the rise despite challenges

So far, only a small portion of the population represents crypto adoption in Africa. If this trend continues, Africa is poised to be the next frontier of cryptocurrency adoption. Comparing the number of cryptocurrency owners against the country’s entire population across leading markets on the continent reveals that only 8.52 per cent of Kenya’s population is actively involved in crypto trading. South Africa, Nigeria, and Ghana follow closely at 7.11, 6.31, and 3.01 per cent, respectively. Consequently, many people remain curious to know how the crypto industry has transformed the payment landscape in Africa and the factors that have influenced the growth of crypto trading across Africa, even ahead of leading global markets.

Central African Republic announces plans for new crypto regulation framework

Digital assets require a legal framework to conduct and moderate their uses. CAR recently announced its plans to establish one of the...