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Bitcoin is pushing the boundaries of economic change in Africa. In East Africa, a new deal between digital currency exchange Bitpesa and a Japanese firm shows Kenyans are using bitcoin to pay for used Japanese cars, cosmetics and electrical gadgets. In Nigeria, Sure Remit is helping make cash transfers cheaper and in Zimbabwe, TV subscriptions, […]
The post Pushing the Boundaries of Economic Change: Bitcoin as a Medium of Exchange in Africa appeared first on Bitcoin News.
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Africa is often lauded as the next big thing for cryptocurrency adoption and development. But could poor internet access and connectivity slow down progress? A new report by the International Telecommunications Union (ITU) shows that it will cost $450 billion to connect 1.5 billion people – most of them in Africa – to the internet. […]
The post Poor Internet Access Could Slow Down Cryptocurrency Growth In Africa appeared first on Bitcoin News.
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Africa has steadily accelerated the switch to modern technologies. But can a continent facing a crisis with antiquated banking technologies, low rate of financial inclusion, poor confidence in the banking system, and high remittance costs become the new battleground for blockchain or cryptocurrency-centred settlements? Also read: Square’s Big Week: Crypto Patent, Shares Leap, and Lightning […]
The post Africa and its Antiquated Banking: Cryptocurrencies The Solution? appeared first on Bitcoin News.
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Kenya’s Treasury Secretary has been tasked with the responsibility of investigating the current state of cryptocurrency adoption in the country, which has so far been growing with no regulations. In a couple of weeks, he is to give his report to parliament, advising them how to proceed with regulating cryptocurrencies. Also read: Yahoo! Japan Confirms Entrance […]
The post Kenya Has Two Weeks to Decide Whether to Regulate Cryptocurrencies appeared first on Bitcoin News.
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Quite naturally, social media comments exert influence over cryptocurrency prices but according to a new study, the vocal minority of frequent posters do not have the most influential voices. You’ll find the details in today’s edition of Bitcoin in Brief. Also, a new coin will be airdropped to football fans and players at the World […]
The post The Daily: Study Links Social Media Posts to Bitcoin Prices, New BATMs Pop Up Around the World appeared first on Bitcoin News.
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Crypto exchange Golix is entering three other African markets in an effort to survive the ban imposed by the central bank in its home country – Zimbabwe. Moreover, the troubled trading platform claims the move is part of a strategy to offer its services across the whole continent. Golix says the shortage of infrastructure has […]
The post Zimbabwe’s Golix Exchange Enters Kenya, Uganda, South Africa appeared first on Bitcoin News.
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Central Bank of Kenya follows India’s central bank crypto ban with a warning #NEWS
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According to multiple reports this week the decentralized currency bitcoin is still booming in many African countries. From South Africa to the Sub-Saharan region, citizens from all walks of life are finding bitcoin beneficial. This is making domestic cryptocurrency exchanges and peer-to-peer trading platforms’ volumes climb while digital currencies are also selling at a premium. […]
The post Bitcoin Adoption Continues to Thrive Within Africa’s Borders appeared first on Bitcoin News.
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Due to a declining economy and eroding national currencies, the East African Community (EAC), an intergovernmental central bank organization composed of six countries in eastern Africa have plans to adopt a unified currency. However, the growing popularity of bitcoin and other digital currencies are hindering the East African central bank’s abilities to establish a harmonized […]
The post Bitcoin Adoption in Africa Hinders EAC Plans for a Unified Currency appeared first on Bitcoin News.
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One of the greatest things about having true wealth is offering a helping hand to those less fortunate. A new venture, Pineapple Fund, is showing the luckiest members of the bitcoin community how can this be done best. Also Read: Paxful to Help Fund 100 Schools in Africa #BuiltWithBitcoin Pineapple Seeds Pine, the anonymous bitcoin […]
The post Pineapple Fund Donates $5 Million in Bitcoin as Seed Capital for the Poor appeared first on Bitcoin News.
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