Chainalysis: Stablecoins represent 40% of crypto economy in Sub-Saharan Africa

2024-10-3 03:54

As businesses turn to dollar-pegged options, stablecoins now represent over 40% of Sub-Saharan Africa’s crypto economy. Stablecoins have emerged as a vital component of Sub-Saharan Africa‘s crypto economy, accounting for approximately 43% of the region’s total transaction volume, according to…

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economy africa sub-saharan crypto stablecoins represent accounting

Источник: btcmanager.com

economy africa → Результатов: 36


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South Africa advances financial inclusion with crypto and digital payment reforms

South Africa announced plans to weave digital payments and crypto into its financial fabric to boost the economy for marginalized groups. The announcement was made in the country’s 2024 budget and underlines the government’s drive to build a digital economy through active collaborations between public and private sectors to enhance financial innovation.

2024-2-23 20:22


Data: Bitcoin (BTC) adoption grows 1,200% in Africa

The adoption of Bitcoin in Africa has swelled immensely over the past year, making it the third fastest-growing Bitcoin economy globally.  BTC adoption up by 1200% in Africa A report produced by Chainalysis estimated the growth to be over 1,200%, which means there has been an increase in Bitcoin activities carried out by retail investors […] The post Data: Bitcoin (BTC) adoption grows 1,200% in Africa appeared first on CryptoSlate.

2021-9-15 16:00


Фото:

The Congolese Mountain of Gold: Surprise Discovery in Africa Shows Metal’s Scarcity Is Hard to Prove

A myriad of gold bugs like to compliment the yellow precious metal for its ostensible scarcity, as estimates say only 2,500 to 3,000 tons of new gold is produced annually. While new gold discoveries have seemingly slowed, investigative studies also show that in some areas, gold is being smuggled into the economy by the ton, […]

2021-3-13 06:00


Украина и Россия вышли в лидеры глобального индекса принятия криптовалют от Chainalysis

Украинцы и россияне являются наиболее активными пользователями криптовалют в мире. Об этом свидетельствует предварительный отчет аналитической компании Chainalysis. We have another preview of our Geography of Cryptocurrency Report! Read to learn about Africa's growing cryptocurrency economy, including use cases around remittances, commercial transactions, and saving in times of economic turbulence.

2020-9-8 18:24


Фото:

Nigerians Can Now Buy Bitcoin With Cash From Stores and ATMs That Take Naira

If there’s a place where cryptocurrencies draw significantly more attention than anywhere else right now, it has to be Nigeria. Africa’s largest economy is driven by its oil exports, expanding manufacturing, financial services, communications and information technology sectors, but also by a tech-savvy generation that asks Google about Bitcoin more than its peers in other […] The post Nigerians Can Now Buy Bitcoin With Cash From Stores and ATMs That Take Naira appeared first on Bitcoin News.

2020-3-8 11:05


This Central Bank Governor’s Tenure is a Tale of Everything Wrong With Socialism

A poor and densely populated country stuck at number 137 worldwide in the economic prosperity rankings, with a per capita GDP of just about $2,000 – this would be the perfect proving ground to show once and for all that left wing economics can successfully turn the fortunes of a struggling people around, and give the world an alternative to its failing capitalist system.

2019-3-11 15:00


The Socialist Politics of Envy: What the World Can Learn from Nigeria’s Unfolding Disaster

Africa’s most populated country and the world’s 26th largest economy is heading for a meltdown as a direct result of envy politics. It was an election between a multimillionaire pro-business candidate seen as part of the establishment and a self-proclaimed hero of the masses who railed against corrupt elites and promised to fight for the little guy.

2019-3-3 10:55


Фото:

Nigerian Startups Call for Cryptocurrency Regulation to Stem Investment Outflows

Nigeria’s financial technology startups have called on the Central Bank of Nigeria (CBN) to provide legal guidelines for the cryptocurrency and blockchain industry. A lack of regulation is driving investment out of Africa’s biggest economy to areas like Rwanda and Europe while fomenting uncertainty, according to the Electronic Payment Practitioners Association of Nigeria (E-ppan).

2018-11-10 02:15


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Patrick Hansen, Circle’s European strategy director, predicted major leaps in the EU’s crypto and stablecoin market by late 2025. At the European Blockchain Convention in Barcelona, Hansen shared expectations of advancements in the crypto market structure across the European Union.…