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 […]
Bitcoin’s Role in The Financial System of Cameroon Read More »
Photo Credit: Adobe Stock
Original Article By: https://www.gudstory.com/bitcoins-role-in-the-financial-system-of-cameroon/
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
Bitcoin Use Is Growing In South Africa Read More »
Photo Credit: Adobe Stock
Original Article By: https://www.2oceansvibe.com/2023/02/20/bitcoin-use-is-growing-in-south-africa/
The Central African Republic (CAR) has taken a major step forward in its efforts to facilitate economic recovery and prosperity by establishing a committee of 15 experts to design a ‘more comprehensive’ cryptocurrency regulatory framework. This comes following a high court ruling last year that aspects of the plans announced last year were ‘unconstitutional’.
Photo Credit: Adobe Stock
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,
One Year After “eNaira” Was Launched, Nigerians Still Struggle With The Digital Currency Read More »
Photo Credit: Adobe Stock
Original Article By: https://www.withinnigeria.com/2023/01/16/one-year-after-enaira-was-launched-nigerians-still-struggle-with-the-digital-currency/
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 »
Photo Credit: Adobe Stock
Original Article By: https://www.coindesk.com/business/2022/11/01/south-african-supermarket-giant-pick-n-pay-now-accepts-bitcoin-payments-report/
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
10% of SA Adults Own Cryptocurrency – But Who Owns More, Men or Women? Read More »
Photo Credit: Adobe Stock
The profitability of mining Bitoin depends in great part on the cost of electricity and soaring energy prices across the globe are impacting bitcoin mining operations. Given the amount of energy required to mine 1 BTC, the cost of energy crisis is understandably of the main factors mining companies must consider when looking to maximise
Bitcoin Mining in Africa: One of the World’s Cheapest Place to Mine BTC Read More »
Photo Credit: Adobe Stock
The Financial Sector Conduct Authority (FSCA), which works in collaboration with the South African Reserve Bank (SARB), recently announced that it is establishing a new regulatory framework for cryptocurrencies in South Africa. Both the FSCA and the SARB have been vocal about declaring cryptocurrencies as financial products, and the Prudential Authority division at
Big Changes Coming For How Cryptocurrencies Are Regulated In South Africa Read More »
Photo Credit: Adobe Stock
Original Article By: https://businesstech.co.za/news/finance/619791/big-changes-coming-for-how-cryptocurrencies-are-regulated-in-south-africa/
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
Binance Says It Is Winning Crypto Clients Thanks To Inflation Read More »
Photo Credit: Adobe Stock
Original Article By: https://www.reuters.com/technology/binance-says-it-is-winning-crypto-clients-thanks-inflation-2022-08-10/
Nigeria is, according to a new research study, head-and-shoulders the most cryptocurrency curious country in the world. The West African state is even out-shadowing current crypto hotspot United Arab Emirates as the place where its population is the most hungry for information about digital assets. The research, carried out by crypto price tracker CoinGecko, examined
Researchers Label Nigeria As The World’s Most ‘Crypto Obsessed’ Nation. Read More »
Photo Credit: Adobe Stock
Original Article By: https://www.cityam.com/researchers-label-nigeria-as-the-worlds-most-crypto-obsessed-nation/
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
New Crypto Hub for Central African Republic; Here’s what’s next. Read More »
Photo Credit: Adobe Stock
Original Article By: https://ambcrypto.com/new-crypto-hub-for-central-african-republic-heres-whats-next
The Ethiopian cyber security company – Octagon Networks – followed suite and converted its entire balance sheet to bitcoin. Octagon Networks – a cyber security company headquartered in Addis Ababa – converted its entire balance sheet and all its liquid assets into the primary cryptocurrency. In addition, it embraced bitcoin as a payment method
Photo Credit: Adobe Stock
Original Article By: https://cryptopotato.com/inspired-by-microstrategy-cybersec-firm-octagon-networks-converts-its-balance-sheet-into-bitcoin/
