MPESA was the first iteration of decentralized finance that allowed individuals to bypass the hectic processing of bank transfers ushering in mobile money.
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President Nayib Bukele added several laws advocating the incorporation of other digital currencies within the crypto ecosystem
He stated that making Bitcoin legal...
LBank announced the establishment of their new crypto investment fund that targets web3 development in Africa
LBank has pushed several educational efforts in...
Cryptojacking is the unauthorized access and use of someone else's computer to mine cryptocurrency
Hackers can perform crypto jacking in two basic steps;...
Blockchain has a broad scope of applications in the African cryptocurrency ecosystem
Being a blockchain developer involves work, and an academic background in...
Cryptocurrencies in Africa continued to perform their functions amid market downturn and volatility. The decreases in value during the crypto bear market 2022 undoubtedly affected some African investors in the same way as investors globally. However, retail investors remained immune to downturns compared to speculative traders since they likely use crypto for specific purposes.
In African markets, crypto is a less tradeable asset and more of a hedge against capital restrictions and the volatility of local currencies. Even dramatic fluctuations in value, seen from this year’s crypto bear market, remain somewhat insignificant since African users normally cash in and out quickly. As long as Africa's crypto market allows users to transfer money in a timely and cost-effective manner, the specific price at which it trades is not a significant concern.
A recent announcement revealed plans for a strategic partnership between Google Cloud and Coinbase
The crypto payment services will only be available to...
Kenya's record within Africa's cryptocurrency has increased significantly over the years. Firms such as LocalBitcoins have adequately contributed to the rate of peer-to-peer...
