African internet penetration rate is 43.1%
Google Equiano undersea cable brings many technical innovations which will ultimately result in a tripling of internet...
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.
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.
Nedbank becomes the first African financial services company to have representation in the virtual world
International financial services giants such as JP Morgan,...
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.
South Africa ranks eighth worldwide in crypto ownership
7% of its total population have crypto investments from different exchange platforms, with 43% of...
Cryptocurrency futures contracts are derivative products that allow market participants to enter into contracts for future purchase or sale of underlying assets (cryptos)...
Users can make payments for goods and services using selected cryptocurrencies through the Kastelo crypto card
The innovation was made possible by a...
The first African cryptocurrency that utilizes the Proof-of-Work concept was launched in 2018
Neil and Michela Ferreira, together with Tony Ferreira, founded the...
Despite regulatory uncertainties, crypto startups have continued to build themselves and provide clients with blockchain solutions. Leading nations such as South Africa and Mauritius have shown how a progressive approach toward cryptocurrency may be profitable. This is the kind of regulatory strategy that motivates others to follow suit. As regulatory agreements fall into place, the prospects become even more fascinating.
International cryptocurrency infrastructure provider Binance announced the addition of a South African Rand (ZAR) gateway on their platform. The move allows South African residents...
How would the world work with multiple CBDCs? One possible answer has been provided by the Bank for International Settlements in collaboration with four central banks that are working on CBDCs. It's code-named Project Dunbar and looks at cross-border CBDC transfers' feasibility.
