Tag: crypto adoption in africa

The steps you need to take to become a blockchain developer

Blockchain has a broad scope of applications in the African cryptocurrency ecosystem Being a blockchain developer involves work, and an academic background in...

Yellow Card: First African exchange platform to get a nationally recognised virtual assets trading license

Yellow Card has done it again by becoming the first ever African exchange to receive a Virtual Asset Service Provider Licence to operate...

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.

Crypto regulation framework in Africa: Why we need it and who really benefits

Governments intend to establish crypto laws to govern and set parameters in which crypto can benefit not just its citizens but its country...

Africa’s crypto market resilient amid bear market challenges

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.

Economic damages caused by Africa’s crypto adoption rate

Digital currencies have a habit of instantly dropping, causing shockwaves throughout the market The UNCATD, United Nations Conference on Trade and Development, recently...