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Parliament of West Africa Economic Block Cautions Against Use of Cryptocurrencies

The parliament of the Economic Community of West African States (ECOWAS) has joined the list of African organizations that have cautioned against the use of cryptocurrencies. In its warning to West Africa crypto users, the legislative body insists these digital assets are too volatile and as such “their use on the African continent is not […] дальше »

2021-7-11 09:30


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Members of East Africa Community Explore Potential Use of CBDC for Alternative Regional Payment System

Six East African states are reportedly set to explore the possibility of using central bank digital currencies (CBDC) as an alternative to their shared payment system. The six countries, which are all members of the East Africa Community (EAC) trading bloc, are hoping this alternative will create a pathway that leads to the attainment of […] дальше »

2021-6-9 06:30


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Mastercard Payment Index: More Consumers in Three African Countries Plan to Use Crypto Based Payment Methods

According to a recent Mastercard payment index report, the Covid-19 related lockdowns helped spread the use of cryptocurrency in three African countries, namely Nigeria, Kenya, and South Africa. The report also reveals that a greater number of consumers from these countries are “likely to use one emerging payment method in the coming year.” More Respondents […] дальше »

2021-5-12 07:00


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Some African Crypto Users See Bitcoin as an Alternative Source of Retirement Income

Bitcoin use cases in African countries continue to expand with the latest one being its use as an alternative source of retirement income. On a continent plagued by high inflation and unstable currencies, bitcoin, which is decentralized and censorship-resistant, is seen “as a safer source to contribute to for retirement.” According to a local report, […] дальше »

2021-5-2 11:30


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Cardano (ADA) is looking to challenge subscription industry, launches African initiative

Cardano (ADA), an ambitious blockchain project developed by IOHK, is looking to challenge the subscription industry with its Ouroboros protocol. The Cardano Foundation has also announced that it will be utilizing the newly formed South African National Blockchain Alliance (SANBA) to further explore ways to use blockchain technology in the region. дальше »

2020-4-29 00:30


Ripple Expands Into South Africa, As Xago Launches XRP Only Exchange Using RippleNet

Ripple is an ever-expanding company, owning it's own cryptocurrency, XRP. The cryptocurrency is considered one of the most prominent ones in the world, standing right next to Ethereum and Bitcoin. Xago, a South African based company, will use the RippleNet network with the aim of increasing XRP liquidity within South Africa. This is yet another […] дальше »

2019-10-10 16:38


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‘Zimdollar’ Reboot: Bitcoin Fills Liquidity Gaps as New Zimbabwe Currency Flounders

P2P bitcoin trade is surging in Zimbabwe via mobile exchange platforms like Ecocash, despite recent government efforts to curb the use of competing currencies locally. As of June 24, the reinstated Zimbabwe dollar (formerly RTGS dollar) is now the only recognized currency in the economically embattled southern African country. дальше »

2019-7-13 20:30