The Zimbabwean central bank has said it is “conducting a CBDC [central bank digital currency] Consumer Survey to solicit opinions on the design and nature of the CBDC and its overall acceptance by the public.” The bank said the information obtained via this process will be “treated with the utmost confidentiality and the results […]
Zimbabwean Central Bank Launches CBDC Consumer Survey Read More »
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Original Article By: https://news.bitcoin.com/zimbabwean-central-bank-launches-cbdc-consumer-survey/
Sun Exchange crowdfunds the installation of panels on schools and farms. When Abraham Cambridge flew to South Africa in 2014, he was struck by how few solar panels he saw in a sunny country with unreliable electricity. Soon after, he started the Sun Exchange Inc., a company that crowdfunds the installation of panels, eliminating the need for customers
South African Solar Power Company Pays Investors in Crypto Read More »
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Original Article By: https://www.bloomberg.com/news/features/2022-11-05/south-african-solar-power-company-pays-investors-in-crypto/
Majority of Africans in the crypto scene use cryptocurrencies for economic and commercial purposes, deviating from the trend observed in developed markets, where crypto assets are mainly used to diversify portfolios. Trends indicate that many African youths that are unemployed or lacking economic opportunities are turning to cryptocurrencies to build and preserve wealth, while
Africa’s Cryptocurrency Market Marches To Its Own Beat Read More »
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Original Article By: https://www.theeastafrican.co.ke/tea/business/africa-cryptomarket-marches-to-own-beat-4004922/
The retailer is taking payments from any Lightning Network-enabled wallet. Pick n Pay, which is one of South Africa’s largest supermarket chains, is now allowing customers to pay with bitcoin (BTC) using any Lightning Network-enabled app, according to South Africa’s The Times. The payment method was tested in 10 stores over the past five months
South African Supermarket Chain Pick n Pay Now Accepts Bitcoin Payments: Report Read More »
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Original Article By: https://www.coindesk.com/business/2022/11/01/south-african-supermarket-giant-pick-n-pay-now-accepts-bitcoin-payments-report/
A recent report by KuCoin reveals that the number of crypto transactions has increased by 2,670% in some African countries. Cryptocurrency adoption in Africa is on the march, despite socioeconomic factors and headwinds. A positive report by cryptocurrency exchange KuCoin shows that crypto transactions increased by up to 2,670% in 2022. An astonishing growth trend, the steep
Crypto users in Africa grew by 2,500% in 2021: Report Read More »
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Original Article By: https://cointelegraph.com/news/crypto-users-in-africa-grew-by-2-500-in-2021-report
VALR.com, a cryptocurrency exchange headquartered in South Africa, has raised $50 million (over R750 million) in Africa’s largest ever crypto funding round. This values the company at $240 million (R3.7 billion). VALR’s oversubscribed Series B equity funding round was led by Pantera Capital with participation from Alameda Research, Cadenza, CMT Digital, Coinbase Ventures, Distributed Global,
South African Cryptocurrency Exchange Raises $50M In Oversubscribed Series B Read More »
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Original Article By: https://ventureburn.com/2022/03/south-africa-cryptocurrency-exchange-50m-series-b/
For a long time, African countries have struggled with infrastructure problems, which have made financial services less accessible. Cryptocurrency could therefore be a good alternative to traditional banking in Africa, because this only requires a smartphone, writes Tim Fries. Experts have gathered research in order to explore Africa’s potential for crypto adoption and how this
Africa’s Crypto Market Has Grown by $105.6 Billion In The Last Year Read More »
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Original Article By: https://www.weforum.org/agenda/2021/09/what-are-the-implications-of-widespread-cryptocurrency-adoption-in-africa/
