Tag: bitcoin in Africa
Bitcoin’s relentlessly threatens governments’ control over money
The only way to shut Bitcoin is to shut down the internet
A number of cryptocurrencies (Ethereum and Worldcoin) are trying to take...
The unique factors driving the growth of crypto in sub-Saharan Africa
Overall, the growth of crypto in Sub-Saharan Africa will continue, provided inhabitants continue facing challenges that crypto has demonstrated it can solve. The solutions offered by crypto include preserving savings in periods of economic volatility and aiding cross-border remittances in places with strict capital controls.
Africa’s influential honchos who are cryptocurrency and blockchain proponents
The regulatory framework of these new technologies has been a significant blockade to the continent's exploration of blockchain and digital currencies
President...
US Draft Bill may allow Bitcoin, crypto retirement investments
401(k)s can include bitcoin in retirement portfolios without breaching their fiduciary duty
Fiduciary duty is an inalienable right that fund managers owe to...
Over 4 million Kenyans lose their monies to the ongoing crypto crash
The four million Kenyans who have been affected by the crash are mainly young and small and medium traders. The youth have, in recent years, stormed into cryptocurrencies hoping to get quick returns, despite warnings from the Central Bank of Kenya about the emerging digital markets.
Cryptocurrency offers hope for Africa’s economic resurgence
The potential of blockchain to produce and transfer value in society through cryptocurrencies will result in a generational transition in the Internet's growth, from an Internet of Information to a new generation an Internet of Value.
Africa: The urgent need for regulations to protect crypto investors from fraud and scams
In 2021, crypto scams in Africa were 12 times more prevalent than in 2020, with total amounts lost increasing by over 1000 per cent.
Crypto adoption and usage in Africa soars despite challenges
In terms of finance, cryptocurrency has helped Africans catch up with other countries on a continent with emerging states. Crypto is a competitive marketplace for everybody, and access is not restricted to a select few.
The Lightning Network: A critical tool to the success of crypto in Africa
The Lightning Network is a second-layer payment protocol that operates on top of a blockchain that intends to solve the scalability problems of...
The fall of bitcoin adoption in the Central African Republic
Bitcoin's success as a legal currency in the CAR looks unachievable in the short term
The Central Africa Republic surprised the world by...
How bitcoin is advancing the human race
The human race will only progress towards achieving civilization under these three significant dynamics; commonalities in language, communication methods, and monetary systems.
The...
Kenya: Equity Bank’s CEO publicly endorses cryptocurrency adoption
According to James Mwangi, the chief executive of Equity Group Holdings Plc, Cryptos could potentially complement mobile money in Africa
GSMA estimates that...
Understanding Web 3.0 in Africa
Developing web 3.0 skills is crucial for Africa, a continent with high unemployment rates
To address the risk of Artificial Intelligence, African governments...
Bitcoin fixing unemployment among the youth in Africa
The fiat currency is under the control of the government, which misses the youth population due to their underrepresentation in the government
Bitcoin...
Is the dip in cryptocurrencies the best way for African nations to adopt cryptocurrencies
Many African nations are currently debating whether or not to legalize cryptocurrencies, despite the fact that it is becoming more popular with consumers globally. ...
Is crypto addiction having the same effects as drug abuse?
The buzz and anxiety associated with watching the behaviour of the candlesticks releases dopamine, similar to drug abuse, which makes a trader go...