Tag: blockchain in africa

Blockchain in business, DAO technology transforming Africa’s web3 ecosystem

DAO is an upcoming legal structure that essentially seeks to incorporate the decentralized nature of blockchain into business The decentralized nature of...

Blockchain Africa: The dawn of a new tech age

Blockchain Africa has thrived because Africa is still a developing continent, and only a few countries can access previous versions of the technology....

Does Africa really depend on Web3 or does Web3 owe Africa a great deal

Blockchain technology functions on a similar principle of decentralization since It's a network of securely, transparent, and verifiable information stored on thousands of...

Africa: the importance of understanding the crypto market and investment dynamics

Cryptocurrencies have been very rewarding to some investors. However, a large number of people and institutions have lost their investment in the process. Therefore, African crypto enthusiasts and investors must understand the crypto market and trading dynamics.

Inside EkoLance partnership with TechonomyAfrica to boost the growth of web3 and blockchain

The initiative by EkoLance and TechonomyAfrica directly contributes to five of the United Nations’ SDGs. These include gender equality, education, entrepreneurship, innovation, and social inclusion. Although emerging economies have historically maximised such innovative technology, the initiative will change that pattern for this wave of tech, according to Linda.

FTX Exchange:A platform that combines the stock and cryptocurrency markets

FTX Exchange is a centralized cryptocurrency that deals with derivatives and other leverage products On FTX, users can interact with varying stocks of...

Africa should step up crypto regulation to mitigate risk and costs

Since transactions are worldwide, crypto must have international coordination and holistic regulation. This way, crypto will live up to its potential on the African continent and beyond. Although significant progress exists in this area, the current fragmented approach to crypto regulation throughout the globe is not optimal.

African problems that blockchain technology is already solving

Blockchain technology has already proved beneficial in combating corruption With the help of blockchain, the Nigerian startup HouseAfrica has developed Africa's first blockchain-based...

Solana launches infrastructure to help understand and adopt web3 concepts

Solana claims to be the fastest blockchain in the world. The blockchain supports multiple projects in decentralised finance (Defi), non-fungible tokens (NFTs) and web3

African countries working on Central Bank Digital Currencies

How many African countries are looking at central bank digital currencies, and how far are they? Only Nigeria has an active CBDC, South Africa and Ghana have a CBDC in the pilot phase while Mauritius and the Central African Republic have CBDCs coming soon

Crypto regulation: can African governments find unity of purpose in CBDCs?

Individual African countries cannot devise a worldwide plan to foresee the growth of private transnational digital currencies amidst crypto regulation needs because of their small economies.

Decentralized finance: Redefining financial transactions in the digital economy

In contrast to the traditional financial system, DeFi gives individuals greater control over their assets and the ability to choose how to invest them without relying on an intermediary.

Humanity Blockchain Index: Ranking cryptos in Africa with their effect on humanity

We are purely basing our research in Africa. To do that, we will conduct a survey with 10,000 Africans. They will tell us what they want from blockchain, their expectations, what utilities and tools they want, what they want to do, what they don't want to do, and what they are concerned about concerning blockchain

African blockchain startups crucial for the budding digital economy

Throughout 2021, a total of $127 million was raised, accounting for 0.5 per cent of total worldwide blockchain fundraising. The majority of the venture money (96 per cent) went to South Africa, Nigeria, Seychelles, and Kenya. Fintech companies received $67 million (53 percent) of total blockchain financing, while exchanges received $34 million (26 per cent).

The rise of a new dawn: Blockchain technology adoption in Africa

The adoption of blockchain technology in Africa will result in the movement of commerce away from paper-based transaction systems, laden with countless problems including corruption, time-consuming verification, and higher costs for traders, to safer, efficient, automated, digital systems of engagement.

Crypto Valley launches African blockchain early-stage fund

Crypto Valley Venture Capital, commonly known as CV VC, is launching a fund to promote African blockchain entrepreneurs The fund will invest in...
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