africa crypto – DIGIT INFO

Why crypto stakeholders see bright future for prediction markets in Africa

DIGIT — Wed, 07 Aug 2024 13:01:14 +0000

The combination of technological advancements, cultural factors, and increasing financial diversification suggests that decentralized prediction markets could thrive on the continent.

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Ultra Conservatism: A Hindrance to Africa’s Economic Progress and Development

DIGIT — Mon, 15 Jul 2024 03:35:01 +0000

Many African countries have adopted an ultra-conservative approach when dealing with revolutionary innovations. However, this has largely left residents behind and stifled talent. As a result, many countries are no closer to attaining ambitious goals. Fear of the unknown has prevented leaders from embracing seemingly risky but innovative solutions. For Africa to truly thrive, there […]

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Coinbase CEO Says No Access Block in Nigeria, Platform Operating Normally

DIGIT — Sat, 24 Feb 2024 05:00:31 +0000

Coinbase CEO Brian Armstrong has dismissed reports of his cryptocurrency exchange being blocked by Nigerian authorities. He emphasized that Coinbase products are fully operational in Nigeria without any interruptions. “We have not received any outreach or communication from officials in Nigeria,” the Coinbase executive affirmed. Meanwhile, Binance has reportedly admitted that some users in Nigeria […]

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Report: Just Over Half of South Africans Have Little to Zero Knowledge About Cryptocurrencies

DIGIT — Wed, 27 Jul 2022 06:00:22 +0000

About 53% of South Africans have little to no knowledge about cryptocurrency, while only 14% thought or felt they had a better understanding of the subject, a report has said. Nearly half of the respondents said they would only invest in cryptocurrency if or when their respective banks are involved. South Africans Weigh In on […]

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Nigeria upgrades CBDC as crypto restrictions cripple fintech industry

DIGIT — Tue, 10 May 2022 05:29:22 +0000

Nigeria’s central bank has upgraded its eNaira to steer the country away from crypto even after a UN report stated that restrictions on digital currencies are stifling the nation’s fintech sector.

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Some African Crypto Users See Bitcoin as an Alternative Source of Retirement Income

DIGIT — Sat, 01 May 2021 08:30:19 +0000

Bitcoin use cases in African countries continue to expand with the latest one being its use as an alternative source of retirement income. On a continent plagued by high inflation and unstable currencies, bitcoin, which is decentralized and censorship-resistant, is seen “as a safer source to contribute to for retirement.” According to a local report, […]

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Akon City 2: Akon Unveils Plan to Build Second Futuristic Cryptocurrency City in Africa

DIGIT — Sun, 11 Apr 2021 17:35:38 +0000

Another futuristic cryptocurrency city will be built in Africa, Senegalese-American star Akon has announced. The government of Uganda will make land available to him for the construction of the new crypto city. The akoin cryptocurrency will be used in the city, similar to how it will be in Akon City, the $6 billion “real-life Wakanda” […]

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Akoin Cryptocurrency Launches in Kenya as Pilot for $6 Billion Akon City

DIGIT — Sat, 14 Nov 2020 21:15:09 +0000

The akoin cryptocurrency, created by famous singer and philanthropist Akon, has started trading on a global crypto exchange. It is also being launched as a means of payment in a tech city in Kenya as a pilot for Akon City, the $6 billion futuristic city that is being built in Senegal. Akoin Crypto Starts Trading […]

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