financial exclusion – DIGIT INFO

Report: Kenyan and Nigerian Central Bankers Attack Cryptocurrencies but Endorse CBDCs

DIGIT — Mon, 13 Jun 2022 09:30:13 +0000

Cryptocurrencies are very unstable for them to become a widely used method of payment, the Nigerian and Kenyan central bankers have reportedly said. In addition, the bankers claim that cryptocurrencies also pose a risk to financial stability. Narrowing the Financial Exclusion Gap The Nigerian and Kenyan central bankers have said cryptocurrencies are too volatile to […]

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Kenyan Central Bank Document Discusses Benefits and Risks Posed by CBDC — Public Asked to Comment

DIGIT — Sat, 12 Feb 2022 12:30:38 +0000

Kenya’s central bank has acknowledged in a recently released document that a central bank digital currency could potentially benefit the country’s financial system. The bank, however, warned that rolling out a CBDC could also pose risks to the same. CBDC’s Impact on Financial Stability The Central Bank of Kenya (CBK) has suggested in a discussion […]

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Egyptian Banks Set to Launch Multi-Million Dollar Fintech Fund

DIGIT — Fri, 01 Oct 2021 12:30:47 +0000

Egyptian banks are reportedly on course to launch a $69.6 million fund which is earmarked to support the country’s fintech companies. According to a report, this fund is expected primarily to target the digital banking and financial services sector. Fintech Apps Targeted Fintech apps that can extend banking and financial services to all segments of […]

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Egypt’s Growing P2P Volumes Being Driven by Crypto Traders Under the Age of 34

DIGIT — Fri, 23 Apr 2021 12:30:28 +0000

A recent market report by Localbitcoins suggests that traders or holders under the age of 34 are driving crypto volumes in Egypt. This rise in Egyptian crypto transactions is evidenced by P2P data which shows the crypto asset’s weekly traded volumes averaging $205,000 in much of Q1 of 2021. The Premium on BTC In addition […]

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How African Users Can Buy and Trade Bitcoin Cash Without Facing KYC or Geoblocking Hurdles

DIGIT — Tue, 13 Apr 2021 18:15:56 +0000

Africa remains the home to a large proportion of the world’s population that is unbanked according to a 2017 World Bank Global Index survey. Many of those who are unbanked cite their lack of official identification particulars as one of the main reasons for their predicament. Cryptos Narrowing Financial Exclusion Gap Therefore, in their effort […]

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Unbanked for Buying Bitcoin: How the Financial System Criminalizes Crypto

DIGIT — Sun, 28 Jul 2019 15:20:17 +0000

When we think of the unbanked, we envisage citizens of developing nations who lack the means and documentation to obtain access. But you don’t have to be a Mongolian goat herder to find yourself financially excluded. In the West, relatively affluent citizens are having their banking services withdrawn suddenly and without warning. Their ‘crime’? Buying […]

The post Unbanked for Buying Bitcoin: How the Financial System Criminalizes Crypto appeared first on Bitcoin News.

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