Tag: fiat currency

The progression of stablecoins over the past decade

Stablecoins are a type of cryptocurrency designed to maintain a stable value, typically pegged to a traditional fiat currency like the US Dollar ...

Kenya’s digital economy affected as fiat currency performs poorly

According to CBK, inflation has increased from 5.73% in 2021 to 8.71% in 2023 and will experience another steep increase during the year. ...

South African “neo bank” launches crypto payments gateway

Be Mobile Africa is a technology-focused digital-only or branchless bank that operates in multiple territories The payment gateway will allow South Africans to...

USD Coin: A stablecoin that aims to stabilize crypto volatility

USD Coin is a cryptocurrency whose value is directly tied to the US dollar. This makes it a stablecoin with a theoretical value...

The explainer: the Ethereum merge and what it means for crypto investors

The Ethereum merger offers plenty for crypto investors to look forward to but will not generate instant benefits. Ethereum 2.0 will have to go through many phases to reach its full potential. Buterin said at the Ethereum Community Conference on July 22 that after the merge,' Ethereum would be just approximately 55% complete. The full Ethereum merge will occur sometime in 2023.

Will crypto eventually replace fiat currency?

People can already exchange crypto for fiat through trades or exchanges with other cryptocurrencies. The popularity, awareness, and acceptance of cryptocurrency and blockchain continue to grow. The more the understanding and usage of crypto, the greater its relevance as a medium of exchange.

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...