African crypto market

What Is Cryptocurrency? – NASDAQ

Cryptocurrency is decentralized digital money, based on blockchain technology. You may be familiar with the most popular versions, Bitcoin and Ethereum, but there are more than 5,000 different cryptocurrencies in circulation, according to CoinLore. Though you can use crypto to make purchases, many people invest in cryptocurrencies as they would in other assets, like stocks […]

Ripple bought over $45 million XRP in Q3

In Q3 2020, Ripple bought back $45.55 million worth of XRP–despite already owning nearly half of the total XRP supply. Rippleclaims they are “purchasing – and may continue to purchase – XRP to support healthy markets.” This reveals that the already struggling XRP digital currency would have an even tougher time in the markets if […]

FinTech Ripple picks DIFC for regional HQ

Ripple, the enterprise blockchain solution for global payments, has established its regional headquarters at Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia region. Ripple has chosen DIFC for its innovative regulations, expansive network and reputation as a leading global financial centre. Ripple and DIFC are […]

Ripple opens regional office in Dubai following volatile Q3 for XRP

The financial center in one of Dubai’s free-trade zones acts as an independent regulator with its own judicial system According to a Nov. 7 announcement, Ripple has established a regional office in the Dubai International Financial Centre, or DIFC.  The blockchain-based payments firm reportedly chose the location for its “innovative regulations.” The DIFC website states […]

Nigeria hopes blockchain will generate $10B revenue by 2030

“We want Nigeria to be strategically placed to capture value from this economic potential of blockchain,” stated the NITDA director-general. The director-general for Nigeria’s National Information Technology Development Agency, or NITDA, has said that the country could potentially expect a revenue stream between $6 billion to 10 billion from blockchain technology in the next ten […]

MoAfrika – Africa’s Biggest Online Tour Operator now Accepts Bitcoin

PRESS RELEASE. With relaxed restrictions on lockdown measures in numerous countries around the world, Africa has opened her doors to tourists on both national and international levels yet again – albeit with strict health regulations to ensure the safety of all personnel and visitors. Africa’s largest online tour operators, MoAfrika, offers tourists from around the […]

Africa’s Quiet Cryptocurrency Revolution

Cryptocurrency transactions in Africa are growing rapidly. On a continent that already embraces mobile money, virtual currency offers advantages for a young, tech-savvy population. Africa is undergoing an economic revolution that has nothing to do with banks and despite little sign of outdated economic policies being overhauled. Monthly cryptocurrency transfers to and from Africa under […]

Protecting investors vs. promoting innovation: A dilemma for Africa

Africa’s digital currency industry has been the fastest-growing in 2020, with the continent finally waking up to the vast opportunities that digital currencies offer. Led by Nigeria, Kenya and South Africa, the continent is now making its mark in the global digital currency map. While 2020 has been the year when Africa has exploded as […]

Zimbabwe’s Stock Exchange Open to Crypto Listing Subject to ‘Regulatory Approval’

Zimbabwe Stock Exchange (ZSE) CEO Justin Bgoni says its recently licensed subsidiary, the Victoria Falls Stock Exchange is open to listing bitcoin and other cryptocurrencies. However, according to local media reports, any such listings are still dependent on the digital asset issuers getting “regulatory approval.” The report does not provide any details of requirements that […]

East Asia Dominates World’s Onchain Crypto Activity, Europe and North America Trail Behind

Crypto activity continues to flourish worldwide, according to a new cryptocurrency adoption index published by the blockchain intelligence firm Chainalysis. The researchers compile onchain digital currency retail value transferred, onchain crypto deposits, peer-to-peer exchange volume, and other types of methodology. Без му́ки нет нау́ки.Adversity is a good teacher.Russian proverb Chainalysis recently published a new report […]

Ripple Joins Google, The Rockefeller Foundation at Mojaloop’s Top Drawer

Blockchain giant Ripple network has made another stride to strengthen further its relationship with Bill & Melinda Gates Foundation as the Blockchain Company now features among the sponsors of the Mojaloop Foundation, a charitable nonprofit organization dedicated to promoting financial inclusion by offering organizations the ability to create an interoperable payment. Ripple, alongside PhonePe, a […]

Airtel, Google to Enhance Internet Experience

Airtel Nigeria has announced a partnership with Google to unveil Mobile Data Platform (MDP), a new feature that enhances and digitalises the journey of customers’ data purchase, utilisation and management in Nigeria. According to both organisations, the newly introduced MDP, which is only available to Android Operating System (OS) users, offers a personalised experience and […]

Bitcoin’s ‘quiet boom’ in Africa

LAGOS: Four months ago, Abolaji Odunjo made a fundamental change to his business selling mobile phones in a bustling street market in Lagos: He started paying his suppliers in bitcoin. Odunjo sources handsets and accessories from China and the UAE. His Chinese suppliers asked to be paid in the cryptocurrency, he said, for speed and convenience. […]

Experts: Country to build fintech hubs

China plans to build pioneering fintech hubs nationwide, focusing on the research and development of blockchain technology and digital currency to boost investment in financial infrastructure, according to officials and experts on Tuesday. They made the remarks at the 2020 China Financial Technology Forum, part of the ongoing 2020 China International Fair for Trade in […]

Crypto may be Latin America’s best bet, here’s why

There have been numerous countries in the world that stand to gain a lot provided greater access to cryptocurrencies are ensured. The lack of access to banks has created a troublesome financial situation for many people in different parts of the world. With $25 billion worth of cryptocurrency sent and $24 billion received over the […]

20% of RippleNet transactions occur using XRP – Ripple exec

Ripple exec Asheesh Birla said that 20% of RippleNet transactions occur using XRP. Ripple’s on-demand liquidity (ODL) solution leverages XRP by default.  An earlier report suggested that ODL customers receive incentives from Ripple for utilizing the solution. The SVP of product and corporate development at Ripple, Asheesh Birla, took to Twitter to note that 20% […]

Africa: Why Tatcoin Is Making Waves in Africa

In their early days, social media giants Twitter and Facebook, and search engine Google promised revolutionary services that now shape today’s world. The success of these multi-billion dollar companies have validated optimism around technologies like AI, IoT and blockchain, the foundation of Bitcoin – a decentralized currency liberated from any central bank’s control. But among […]

Cardano Hits Over $10.4 Billion in Staked ADA as Staking Pools Approach 1000

In less than two weeks since its launch, Cardano’s Shelley network performance has been short of impressive. The latest from its dedicated staking metrics tracking site shows that there are over 25,000 Daedalus and Yoroi wallets staking ADA in 919 Staking pools, with the number increasing daily. This buzzing activity on Shelley now puts the […]

Are Developing Nations Really Warming up to Crypto Assets?

There have always been questions as to who is buying cryptocurrencies and for which specific purpose. In undeveloped countries, the adoption of crypto assets is progressing rather quickly, according to a new report. For years now, people have claimed how Bitcoin can transform Arica in terms of finance. Crypto Adoption in Developing Nations For equally […]

Ripple, Stellar Partner with Ghanaian Fintech, Waya, for Cross-border Network Remittances

Waya, a cross-border, cross-network remittance and payment solution in Ghana, has partnered with Ripple and Stellar to make payments and transfers in Africa simple and instant. This makes Waya the 3rd firm to partner with the Ripple Network in Africa after Xago exchange in South Africa and the National Bank of Egypt. Currently, Waya allows […]

Ripple confirms increased XRP settlement in Europe

Ripple’s CTO, David Schwartz, said that the firm is witnessing more demand for its remittance product than expected.  He initially thought Ripple would only see demand in historically expensive payment routes with low levels of liquidity.  David Schwartz, Ripple’s chief technology officer, has said that the firm is experiencing more demand for its XRP-powered remittance […]

75 Companies Back Facebook Libra’s Competitor Celo

Celo, a competing project to Facebook’s Libra cryptocurrency, has added 50% more new members to its alliance, bringing the total number of supporting organizations to 75. Some Celo members are also supporters of the Libra project, such as Coinbase Ventures, Anchorage, and Andreessen Horowitz. Celo Project Adds Over 20 Members The Celo Foundation announced Tuesday […]

Why Binance and Akon Are Betting on Africa for Crypto Adoption

In advance of her “Crypto Across Emerging Markets” panel at Consensus: Distributed on May 11, Leigh Cuen is writing a three-part column on how cryptocurrencies are used in the developing world. The first installment explored bitcoin adoption in the Middle East. The future of money will be defined by African markets, where cryptocurrency awareness and […]

Bitcoin is ready to fight economic turmoil; history is proof of that

The crypto-space has seen some really bad days since March 2020 – The main reason being the ing coin’s failure to act as a safe-haven asset during the recent market crash. Many in the space raised questions over the readiness of BTC and opined that the coin was still in its experimental phase. However, a […]

The Number of Women in Crypto Has Exploded In Q1 2020

A new study released by CoinMarketCap revealed an increasing growth among female crypto users in Europe and the Americas. CoinMarketCap released a report which indicates a 43.24% growth among female users in Q1 2020. According to the study, this is compared to a mere 15.5% increase seen in Q4 2019. 18-24 year old rose 65%, with […]

Top 20 cryptocurrency and Bitcoin wallets in 2020

Blockchain.com is an ‘old but gold’ wallet for Bitcoin (BTC) and Ethereum (ETH). It powered native explorers for the first two blockchains. Coinbase.com  was the first in the sector to enable crypto purchasing via credit cards. Also, The services work with corporate entities. Opera is a unique built-in browser-based wallet. It also supports dApp surfing with ERC-type […]

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