Tag: Africa's crypto market

Enhancing cryptocurrency knowledge in Africa

Part of the problem surrounding cryptocurrency adoption in Africa, besides the lack of reliable and affordable internet, particularly beyond urban areas, is the...

Blockchain Breakthrough: African banks embrace the future of finance

According to the International Finance, Corporation, the financial inclusion rate in Africa stood at an all-time low of 23% in 2011. A KYC...

Crypto state and regulations of Angola

Jose de Lima Massano, the governor of the National Bank of Angola(BNA), saw the vast potential of Africa's crypto industry. Around 2018, during...

Blockchain and crypto revolutionizing Africa’s digital financial landscape

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.

The mixed state of cryptocurrency in the East African region

Somalia has approximately 155 million transactions, accounting for $2.7 billion monthly.  The Bank of Uganda showed interest in crypto businesses participation in its...

Top three fastest growing and youngest African Blockchain startups

H2O Security is a South African-based blockchain startup that merges web3 with the water supply industry. Jambo is a web3 blockchain startup that...

TBD and Yellow Card launch a fiat on and off-ramp payment system

TDB-Yellow Card partnership aims to increase cross-border payments and liquidity exchanges in Africa's ecosystem. In July 2021, Jack Dorsey, former CEO of Twitter...

Zebedee Fintech ventures into the African crypto gaming industry

Zebedee fintech is a web3 payment processing industry that advocates for integrating and using crypto coins to purchase goods and services. Ben...

Africa-focused crypto firm, Paxful, finally closing shop

In 2021, Paxful had a total transaction volume of $3 billion, and Nigeria accounted for $760 million Ray Youssef stated that the...

Cryptocurrency leader Binance facing scrutiny from U.S. lawmakers

Pressure has grown on cryptocurrency trading giant Binance over international breaches Binance has been a force to reckon with in the crypto world,...

The Network Effect theory and its advantages to Africa’s web3 network

The Network effect theory states that the value of a product or service increases based on an increase in users. Bitcoin's value...

The state of Cryptocurrency Adoption in Tunisia

Tunisia worked with the Russian ICO startup Universal to create Edinar, Tunisia's CBDC. In 2018 Tunisia passed a startup Act that encouraged all...

Obiex Finance, the fastest growing exchange in 2022 hails in Nigeria

Obiex Finance experienced a 200% growth in user base and a 600% growth in transaction volume within the same year. At the end...

Carry1st, Africa’s gaming platform, closes a US$27 million funding

Carry1st is an entertainment company that leverages Africa's gaming industry, with its headquarters in Capetown It acquired s a $20 million series A...

Switzerland growth in Web3, an inspiration for Africa

Switzerland is among the few nations to embrace cryptocurrency before rejecting it The country is even one of the first to adopt a...

How to start a crypto exchange platform in Africa

First and foremost is to understand that Africa's ecosystem differs significantly from the way of things in other continents Technical knowledge and budgeting...
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