Tag: P2P platforms

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.

The wave of crypto adoption and usage in Africa is unstoppable

Cryptocurrency is slowly but surely changing the way Africans conduct their financial life. Even if the value of cryptocurrency fluctuates, many Africans see it as more trustworthy than their volatile native currency. Only time will tell how much cryptocurrency will influence Africans’ spending and living. With all this knowledge, it is reasonable to expect crypto to continue its spectacular growth in Africa and other parts of the globe. The simplicity of peer-to-peer currency transactions between people from different monetary regimes and more nations beginning to recognize crypto as the wave of the future can only imply that cryptocurrencies will be a significant part of African society for years to come.

The growth and adoption of blockchain in Africa might be faster than earlier contemplated

Cryptocurrency works the same as mobile money. Therefore, it is simpler for Africans to comprehend crypto compared to those in the developed nations, who have more financial inclusion and better access to banking institutions. Africans like crypto and blockchain because of what they signify and have embraced them more rapidly than anticipated.

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.

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.

Crypto and blockchain can lead the world to environmental sustainability

As an emerging technology, blockchain has attracted the attention of a wide range of organizations, including energy corporations, startups, technology developers, financial institutions, and...

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.

The addition of M-Pesa to Binance creates excellent possibilities for crypto trading

Users can now seamlessly convert fiat currency for cryptocurrencies in their peer-to-peer transactions thanks to the incorporation of M-Pesa, which is protected by escrow service.

African Crypto Market and Its Growth Potential

While African governments do not yet regulate cryptocurrency, this may change. For example, Africans may turn to cryptocurrency as a means of payment if...

African Countries Adopting Crypto

Kenyans are leading the way in digital currency adoption by trading cryptocurrencies directly among each other, and other African countries are following suit. These...