Adoption

Donald Trump Election Victory: Impact on African Cryptocurrency Markets

    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

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

  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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Banking on the Future: Africa’s Robust Financial Sectors and What It Means for Cryptocurrency

  A recent report from African Business, which provides a comprehensive analysis of the top banks across the continent, has highlighted the strong financial sectors in East, West, Central and Southern Africa. With Nigeria notably leading in West and Central Africa, it sets the stage for significant advancements in the cryptocurrency space.  In this article,

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National Currency Devaluation Drives Stablecoin Adoption Across Africa

  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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Understanding the Unique Dynamics of the African Cryptocurrency Market

  The cryptocurrency market in Africa is rapidly evolving, presenting unique characteristics that distinguish it from more established markets like those in North America, Europe and Asia.   Adoption Driven by Necessity In many African countries, cryptocurrency adoption is driven by necessity rather than speculation.  High inflation rates, unstable local currencies and limited access to

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Ethereum Adoption in Africa: Challenges & Opportunities

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

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

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/

One Year After “eNaira” Was Launched, Nigerians Still Struggle With The Digital Currency

  On Monday, 25 October 2021, Nigeria launched Africa’s first central bank digital currency (CBDC) eNaira, with the theme “Same Naira, More Possibilities”. The eNaira, which was activated the same day by President Muhammad Buhari, promises to increase remittances, foster cross-border trade, improve financial inclusion and enable the government to make welfare payments more easily,

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Original Article By: https://www.withinnigeria.com/2023/01/16/one-year-after-enaira-was-launched-nigerians-still-struggle-with-the-digital-currency/

10% of SA Adults Own Cryptocurrency – But Who Owns More, Men or Women?

  Cryptocurrency adoption in South Africa has held steady over the past several months, according to the latest data from Finder.com.   Ten percent of South African internet users aged 18+ currently own cryptocurrency. It should be noted that this figure or percentage is down from 11% late last year. Men are much more likely

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New Crypto Hub for Central African Republic; Here’s what’s next.

    The Central African Republic (CAR) has launched the Sango crypto-hub initiative. It is funded by the government to promote the expansion of the regional market for digital assets. The Sango initiative has been introduced following CAR’s acceptance of Bitcoin as legal tender in April. The project aims to attract businesses, international crypto-talent, and enthusiasts, in addition

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Original Article By: https://ambcrypto.com/new-crypto-hub-for-central-african-republic-heres-whats-next