The potential use cases of blockchain technology largely complement Africa’s efforts to address its socioeconomic challenges, but the funds to create solutions have been hard to come by in pre-pandemic times. But a report published recently by Swiss venture capital firm VC CV in partnership with Standard Bank shows that...
The past week has been enlightening and fun for both LBank and Adanian Labs as they sojourned into Africa to support the cryptopreneurial community and provide more support to builders and innovators there. It is no longer news that LBank sealed a strategic partnership with Adanian Labs to launch a...
Abuja, Nigeria – James Ndubuisi, in-house lawyer at Lagos-based entertainment firm SoundHive Group, is certain he has no need for the eNaira – Nigeria’s official digital currency – or its app. “It needs to be entirely binned,” the 30-year-old told Al Jazeera. He downloaded the app the same day it...
New Delhi [India] May 23 (ANI/ATK): Blockchains technologies have been constantly developing ever since the initial emergence of Bitcoin back in 2009. The introduction of cryptocurrency is revolutionising the way that we exchange, trade and invest. Financial assets have grown exponentially in prominence, particularly in the last decade with the...
Young girls using their mobile phone in rural Makurdi in Benue state. Photo: In Pictures Ltd/Corbis via Getty Images Africa is leapfrogging the US and Europe in its embrace of blockchain technology that could make it “wealthier than Western nations”, claims Cardano chief Charles Hoskinson. Hoskinson has a vision to...
Parents lining up to pay school fees in cash, lenders charging extortionate rates, and cash savings held under mattresses—these are some of the things residents in Africa have had to resort to due to financial technology not having yet fully expanded in the developing continent. According to Statista, only 48...
Key Insights: South African Reserve Bank deputy governor says digital rand is a few years away. The South African CBDC could cut the high cost of cross-border payments for banks. The central bank readies for crypto regulations in 2023. Cryptocurrency is gaining traction in South Africa after the government made...
CAPE TOWN, South Africa–(BUSINESS WIRE)–Xago Technologies (Pty) Ltd. in CAPE TOWN, South Africa, announces the launch of Xago XUS which supports the US dollar, empowering clients to deposit and payout funds, with US dollars and USDC via the Xago platform. Founded in 2016, Xago enables business and individual clients to...
There was buoyancy when bitcoin first dropped to $37,500 on Feb. 2 from an all time high in November 2021 of $69,000. It was a gold rush moment as Kenya’s digital natives dashed to do what they have always done during such price slumps—buy the dip—stocking up while prices were...
Hi Quartz Africa readers, In March 2017, I was driven by curiosity to open a bitcoin wallet. My main motivation was to understand how the entire bitcoin blockchain works. At the time, the price of bitcoin was $1,200, but by the end of the year, it rose to $20,000. The...
