Young Africa Looks to Crypto for Payment
The youth in Lagos are turning to Bitcoin solutions as recently graduated freelancers and mid-level employees embrace cryptocurrency payments Go to Source Powered by WPeMatico
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Nigeria: Financial Watchdog Receives Petition Against Crypto Exchange Over Account Closures
Estonia-based crypto firm Paxful Inc. has been accused of defrauding Nigerian investors out of millions of dollars worth of crypto through arbitrary account closures Go to Source Powered by WPeMatico
P2P Markets: Russian Localbitcoins Trade Outpaces Venezuela
During the week of March 2, roughly 14,365 BTC changed hands via peer-to-peer (P2P) exchange Localbitcoins, equating to approximately $51.51 million worth of trade. Of that, 3,593 was BTC traded via the Russian markets, 83 percent more volume than was produced by Localbitcoins’ second-largest market, Venezuela. Also Read: Turkish Real Estate Agency Sells 9 Houses … Read more
Payglobal Provides Cryptocurrency to Fiat Transfers With Existing Bank Cards
While there’s been a lot of news of cryptocurrency debit cards closing shop over the last two years, a company called Payglobal offers cryptocurrency to fiat transfers onto a user’s existing bank card. The U.K. based e-wallet service licensed by the Financial Conduct Authority (FCA) aims to provide a variety of end-to-end solutions for people … Read more
Ongoing Economic Crises in Venezuela and Beyond Show That the Idea of Bitcoin as a Store of Value Is Increasingly Catching On
Economic crises throughout the globe are showing that people are increasingly putting their faith in Bitcoin and other cryptos Go to Source Powered by WPeMatico
Nigerian Banking Regulator Warns Bitcoin’s Disintermediation Is a ‘Critical Concern’
Bitcoin’s disintermediation and fintechs are of “critical concern” to the Nigeria Deposit Insurance Corporation, according to its director Go to Source Powered by WPeMatico
Blockchain Could ‘Speed up the Economy,’ Says Nigerian Presidential Candidate
Presidential candidate of the leading opposition party in Nigeria promises to regulate blockchain and cryptocurrency if elected Go to Source Powered by WPeMatico
Africa Dominates Trade Volume on P2P Bitcoin Exchange Paxful
Paxful Inc., a peer-to-peer bitcoin exchange, is seeing significant growth in Africa. The U.S.-based company said Africans now accounted for the largest number of people buying and selling cryptocurrency on its platform, with average monthly transactions totaling $64.5 million. Also Read: Brazilian Banks Ordered to Reopen Cryptocurrency Exchange’s Frozen Accounts Millennials Drive Cryptocurrency Adoption in Africa … Read more
Report: Emerging Markets See Sharp Growth in Cashless Transactions
South Africa is the most cryptocurrency-friendly country in Africa, according to the 2018 World Payments Report by French banking group BNB Paribas and IT company Capgemini. Compared to other major economies on the continent, South Africa has allowed digital currency-based payments, trades and investments to flourish almost unhindered. Also read: African Cryptocurrency Exchanges Forced to Step-Up … Read more
African Cryptocurrency Exchanges Forced to Step up Security
Cryptocurrency exchanges in some of Africa’s biggest bitcoin markets have been forced to rethink their security to thwart persistent attacks from hackers, a trend that has troubled trading platforms all around the world. Also read: Cointext Launches Bitcoin Cash SMS Wallet in Argentina and Turkey The Worst Yet to Come for African Exchanges Exchanges in the … Read more
