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Rising Demand for Cryptocurrency Understanding and Security Among South Africans

Country News, South Africa / Leave a Comment

A recent research survey by DoshFX, a centralised South African crypto exchange, reveals a significant demand for improved understanding and enhanced security in the cryptocurrency sector among South Africans. The survey, conducted across various demographics, sheds light on the key barriers and perceptions that influence cryptocurrency adoption in the country. The findings highlight that despite […]

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Original Article By: https://www.cbn.co.za/industry-news/business-advisory-financial-services/rising-demand-for-cryptocurrency-understanding-and-security-among-south-africans/

Ethiopia’s Birr Falls 30% After Currency Float; Forex Surrender Requirements Scrapped

Country News, Ethiopia / Leave a Comment

Ethiopia’s birr plunged 30% against the dollar after the central bank floated the currency as part of reforms aimed at correcting foreign exchange market distortions. The bank also eliminated foreign exchange surrender requirements and lifted restrictions on certain imports. In return, Ethiopia, which is seeking BRICS membership, is expected to receive a $10.7 billion loan

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Original Article By: https://news.bitcoin.com/ethiopias-birr-falls-30-after-currency-float-forex-surrender-requirements-scrapped/

The African Village Mining Bitcoin

Mining / Leave a Comment

Bondo is a scattered cluster of villages in a remote region of Malawi near the border with Mozambique. It sits in the foothills of Mount Mulanje, where residents rely on their feet for transport and a few crops to feed their families. Yet unlike in most places in this impoverished country, when night descends they

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Original Article By: https://unherd.com/2024/01/the-african-village-mining-bitcoin/

Cryptocurrency Uptake and Usage in African Countries: A 2024 Overview Introduction

ACCN / Leave a Comment

Cryptocurrencies have quietly but significantly transformed the financial landscape in Sub-Saharan Africa. With a unique blend of necessity, innovation, and resilience, African countries are embracing digital currencies as a means of empowerment, financial inclusion, and wealth preservation. In this article, we delve into the key developments, trends, and events surrounding cryptocurrency adoption across the continent,

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How Licensing Will Change Crypto In South Africa

Country News, South Africa / Leave a Comment

South Africa’s Financial Services Conduct Authority (FSCA) has indicated that the first 59 licences are almost ready to be awarded, which would grant these companies the right to operate as crypto assets financial services providers. About 262 applications are in progress. Crypto assets were declared as financial products in terms of the Financial Advisory and

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Original Article By: https://iafrica.com/how-licensing-will-change-crypto-in-sa/

Btrust Builders Launches ‘Build for Africa’ Bitcoin Hackathon Open to Anyone with a Bitcoin Idea

Bitcoin, Coins / Leave a Comment

‘We are not looking for ideas from just developers. We welcome ideas from the entire Bitcoin ecosystem and beyond. If you do not have the ability to build your idea, we will match you with Bitcoin & Lightning developers who can help to bring them to life!’  – BTrust Btrust Builders, the African Bitcoin education

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Central Bank of Nigeria To Clean Up Tier-1 Accounts Not Linked To BVN

Country News, Nigeria / Leave a Comment

The Central Bank of Nigeria (CBN) plans to remove accounts not linked to the Bank Verification System (BVN) from the financial system. The objective is to clean up the sector and reduce the growing incidence of fraud. Blaise Ijebor, director Risk Management Department and Chief Risk Officer, CBN said this at the Prembly Compliance Breakfast

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Original Article By: https://businessday.ng/news/article/cbn-to-clean-up-tier-1-accounts-not-linked-to-bvn/

African man pointing at a monitor that is displaying the word blockchain

Blockchain To Rebuild African Financial System And Tell New Story

Blockchain / Leave a Comment

Blockchain Research Institute Africa Making Strides in Levelling Financial Playing field Africa has an enormous cash and informal trade economy, however, at the root of many challenges that Africa currently faces is financial exclusion. An alarming 900 million are unbanked in Africa due to numerous challenges, including accessibility to banks, occupation barriers, financial limitations, gender

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XRP Healthcare Enters Africa to Revolutionize The Multi-Billion-Dollar Healthcare Industry

Adoption, Blockchain / Leave a Comment

XRP Healthcare has announced its entry into the African Healthcare sector to acquire and merge privately owned healthcare establishments via its subsidiary XRP Healthcare Africa, creating a sustainable premier healthcare network. In a move that will provide easier access to healthcare services and medication, the company is entering emerging countries to help revolutionize the healthcare

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Original Article By: https://www.prnewswire.co.uk/news-releases/xrp-healthcare-enters-africa-to-revolutionize-the-multi-billion-dollar-healthcare-industry-301786261.html

South Africa Is Ranked Among The Top Crypto Countries Worldwide – Here’s How We Compare

Country News, South Africa / Leave a Comment

CoinJournal conducted a global study intending to highlight the world’s most successful crypto countries, ranking South Africa 10th overall. The study ranked the countries based on their number of crypto startups, investment companies involved in crypto, estimated realised gains, and the number of crypto owners from the latest data available as of November 2022. Cryptocurrency

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Original Article By: https://businesstech.co.za/news/finance/660751/south-africa-is-ranked-among-the-top-crypto-countries-worldwide-heres-how-we-compare/

Unlocking the Potential of Cryptocurrencies: A Catalyst for Economic Growth and Financial Inclusion in Africa

Adoption, Blockchain / Leave a Comment

As cryptocurrencies continue to gain traction worldwide, the African continent emerges as a fertile ground for the adoption of digital currencies and blockchain technology. With a predominantly young, tech-savvy population and an expanding mobile penetration rate, Africa is uniquely positioned to leverage cryptocurrencies as a catalyst for economic growth, financial inclusion, and social development. The

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Original Article By: https://africancryptocurrency.news/

African Developer Creates New Software So Africans Can Use Bitcoin Without Internet Access

Bitcoin, Coins / Leave a Comment

Citizens in Africa are using new and exciting ways to get paid without having internet access. Thanks to South African software developer Kgothatso Ngako, Forbes reported, the people of Africa can make bitcoin peer-to-peer transactions with Machankura, the new solution that makes Bitcoin access easy even if they’re not online. In tech terms, it provides access to the Lightning Network through an

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Original Article By: https://www.blackenterprise.com/african-developer-creates-software-for-africans-to-use-bitcoin-without-internet-access/

Binance Takes Blockchain Awareness To Popular Nigerian Markets, In Collaboration With ScholarX

Country News, Nigeria / Leave a Comment

Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider has collaborated with ScholarX (LearnAM), a social impact startup that helps young Africans access quality skills training, to drive blockchain adoption across rural markets in Nigeria with the use of localized languages namely Yoruba, Igbo, Hause, and Pidgin English. With an aim to increase crypto

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Original Article By: https://guardian.ng/slide/binance-takes-blockchain-awareness-to-popular-nigerian-markets-in-collaboration-with-scholarx/

Bitcoin’s Role in The Financial System of Cameroon

Cameroon, Country News / Leave a Comment

Bitcoin has become a popular method of payment and exchange in Cameroon, with its growing acceptance by retailers, businesses, and individuals. Its use has been growing rapidly since 2019, with more than half a million people now using the currency. quantum-ai.io is one of the best platforms for gaining information. The emergence of Bitcoin as

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Original Article By: https://www.gudstory.com/bitcoins-role-in-the-financial-system-of-cameroon/

Unstoppable Women Of Web3 Leads Initiative To Provide Web3 And Metaverse Education For 6 Million African Women

Web3 / Leave a Comment

The initiative will consist of free digital identities, educational streams, online courses, in-person networking, and more to bring more women in Africa into Web3 and the metaverse To celebrate International Women’s Day, unstoppable women of web3 (Unstoppable WoW3), a diversity and education group on a mission to equalize the playing field in Web3, today announced

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Original Article By: https://menafn.com/1105733565/Unstoppable-Women-Of-Web3-Leads-Initiative-To-Provide-Web3-And-Metaverse-Education-For-6-Million-African-Women

Africa Is The Second Biggest Crypto Market In The World and DPAT is Capitalising

DPAT / Leave a Comment

As the second biggest cryptocurrency market in the world, Africa is a great place to use crypto to increase your portfolio’s exposure to new markets in a safe, trackable way. The African continent is magnifying, and with this growth comes a massive opportunity for investors to secure their financial future. Direct Property Africa Token (DPAT)

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Original Article By: https://euroweeklynews.com/2023/03/08/africa-is-the-second-biggest-crypto-market-in-the-world-and-dpat-is-capitalising/

ACCN Launches New Live Market Data Page

ACCN / Leave a Comment

We are excited to announce the launch of our new live market data page. This new feature is set to provide real-time information on market trends, price movements, and other crucial data for cryptocurrency users across the continent. Live Market Data Page: https://africancryptocurrency.news/live-market-data/ Our team believes that this new section will provide a comprehensive view

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Bitcoin Use Is Growing In South Africa

Country News, South Africa / Leave a Comment

Over the last few years, cryptocurrency usage has skyrocketed in South Africa, with reports suggesting that around four million South Africans own digital currencies. These reports state that Bitcoin is the most popular cryptocurrency in the country, which isn’t surprising: Bitcoin is the most popular virtual currency globally, with over 190 million users. Other examples

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Original Article By: https://www.2oceansvibe.com/2023/02/20/bitcoin-use-is-growing-in-south-africa/

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