Blockchain

South Africa’s Crypto Boom: FSCA Issues New Licenses Amid Growing Adoption

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    South Africa is making headlines in the cryptocurrency world this week as the Financial Sector Conduct Authority (FSCA) has issued a new batch of licenses to Crypto Asset Service Providers (CASPs), bringing the total number of licensed CASPs in the country to 248. South Africa is experiencing a significant surge in cryptocurrency adoption, […]

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Donald Trump Election Victory: Impact on African Cryptocurrency Markets

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    The recent US elections have sent shock-waves through the global cryptocurrency markets, and Africa is no exception.  With the election of Donald Trump as President, the crypto market has experienced a significant surge, bringing with it excitement and anticipation across the continent. Cryptocurrency markets across the globe have experienced significant movements following Donald

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Challenges to Stablecoin Adoption in African Economies

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As stablecoins gain traction across the globe, their potential to transform financial systems in African countries is becoming increasingly evident. Stablecoins have gained significant traction in Africa, as they offer solutions to some of the continent’s most pressing economic challenges, such as currency volatility, inflation and limited access to traditional banking services.  The path to

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Sub-Saharan Crypto Adoption 2023-2024: At A Glance

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  Sub-Saharan Africa is rapidly becoming a hotspot for cryptocurrency adoption, with countries like Nigeria, Ethiopia, Kenya, and South Africa leading the charge. According to the latest reports from Chainalysis, the region saw an estimated $125 billion in on-chain value between July 2023 and June 2024, marking a $7.5 billion increase compared to the previous

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National Currency Devaluation Drives Stablecoin Adoption Across Africa

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  Recent reports from leading crypto analytics firms and insights from social media platform X highlight a significant shift towards Stablecoins across Africa. This core of this trend is driven by the need for financial stability in regions where local currencies often fluctuate wildly, affecting day-to-day transactions and savings.  Recent reports from leading crypto analytics

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Blockchain Africa Conference 2024: Celebrating a Decade of Innovation

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  Get ready to dive into the future of digital innovation at the Blockchain Africa Conference 2024! Celebrating a decade of ground-breaking advancements, this year’s edition is set to make waves as it marks its 10th anniversary on November 20, 2024,  at the CSIR International Convention Centre in Pretoria (Tshwane), South Africa. This milestone event

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Ethereum Adoption in Africa: Challenges & Opportunities

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As the world’s attention shifts to decentralized finance (DeFi) and non-fungible tokens (NFTs), Africa remains a crucial frontier for Ethereum adoption. Africa, with its vast and growing population, presents a significant opportunity for Ethereum adoption.  Despite regulatory hurdles and infrastructure challenges, the continent’s entrepreneurs, governments, and enthusiasts are harnessing Ethereum’s power to drive innovation and

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Blockchain To Rebuild African Financial System And Tell New Story

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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

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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

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

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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/

Africa Is One of the World’s Fastest Growing Crypto Markets

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  Analysis by blockchain data platform Chainalysis has revealed that Africa’s crypto market is growing faster than anywhere else in the world. Data shows Nigeria, Kenya, and South Africa have the highest number of crypto users and in 2021, crypto transactions peaked at around $20 billion a month. Why is this? Why is Crypto So

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Original Article By: https://africabusinesscommunities.com/features/africa-is-one-of-the-worlds-fastest-growing-crypto-markets/

Binance Says It Is Winning Crypto Clients Thanks To Inflation

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  LIMA August 10 – Binance, the world’s largest cryptocurrency exchange, is seeing a surge in clients due to rising inflation and a historically strong dollar that has depressed emerging market currencies, an executive told Reuters on Wednesday, without disclosing numbers. “Now that we are seeing inflation ramping up worldwide, we are seeing that more

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Original Article By: https://www.reuters.com/technology/binance-says-it-is-winning-crypto-clients-thanks-inflation-2022-08-10/

Africa’s first global blockchain bank hits 100k users

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Billed as the first global blockchain bank out of Africa, Xend Finance has just clocked 100 000 users on its savings platform while further opening it to local currencies in Ghanaian Cedis and Kenyan Shillings.   Backed by Binance and Google Launchpad, Xend Finance users will now be able to seamlessly convert their cryptocurrency back

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Original Article By: https://ventureburn.com/2022/06/africas-first-global-blockchain-bank-hits-100k-users/

Crypto users in Africa grew by 2,500% in 2021: Report

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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

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Original Article By: https://cointelegraph.com/news/crypto-users-in-africa-grew-by-2-500-in-2021-report

Africa’s Crypto Market Has Grown by $105.6 Billion In The Last Year

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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

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Original Article By: https://www.weforum.org/agenda/2021/09/what-are-the-implications-of-widespread-cryptocurrency-adoption-in-africa/

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