Token-based electricity top-up app expands in Africa but faces headwinds
Crypto payments network Electroneum is expanding its utility bill and mobile phone airtime top-up coverage to more countries in Africa. Go to Source Powered by WPeMatico
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Kenya Expects to Earn $46 Million as New Tax Targeting Crypto Exchanges Comes Into Force
The Kenya Revenue Authority (KRA) is expecting to earn up to 5 billion Kenyan shillings ($45.5 million) during the first half of 2020 from a new tax that targets cryptocurrency exchanges and other online services, according to a top KRA official. First proposed in August 2020, the digital service tax (DST) came into force on … Read more
Ghanaian Startup Bitsika Africa Processed $40 Million in Crypto Remittances in 2020, up 3,900% Year-on-Year
Bitsika Africa, a crypto startup operating out of Ghana and Nigeria, said Monday that it processed almost $40 million in remittances in 2020, up from just under $1 million the previous year. Founder and chief executive officer Atsu Davoh said that deposits accounted for $18.87 million of the total volume, with payouts making up $17.89 … Read more
Africa is the future of DeFi, argues Cardano’s Charles Hoskinson
The CEO of Cardano developers IOHK sees a promising path towards DeFi adoption throughout the world’s second-most populous continent Go to Source Powered by WPeMatico
Nigeria’s Yellow Card Processes $165 Million in Crypto Remittances So Far This Year
Nigerian crypto startup Yellow Card says it processed over $165 million in volume during the first eleven months of this year. The figure represents a growth of more than 1,840% over the amount of remittances processed in the last six months of 2019. Launched in June 2019, Yellow Card enables Africans at home and abroad … Read more
Everyone’s talking crypto for solving Sub-Saharan Africa’s payments problems
Stablecoins and continent-wide regulations are key to breaking down barriers to Africa’s economic growth. Go to Source Powered by WPeMatico
Following Binance Uganda closure, Binance P2P makes strong inroads in Africa
The cryptocurrency exchange has given up on Binance Uganda, but the regional play remains strong Go to Source Powered by WPeMatico
Can blockchain make a difference? Africa sees vast monetary potential
As access to crypto spreads across Africa, blockchain could be crucial in improving cross-border payments and settlement systems. Go to Source Powered by WPeMatico
Etherisc to offer blockchain-based crop insurance to Kenyan farmers
The project aims to provide a blockchain-based parametric insurance platform that helps protect smallhold farmers from the effects of climate change. Go to Source Powered by WPeMatico
Akoin Cryptocurrency Launches in Kenya as Pilot for $6 Billion Akon City
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 … Read more