Africa

Forex liquidity and currency swaps are hard to access for many in Africa, which limits the use of dollar-based services in the continent’s import-dependent economy. This creates a vacuum that decentralized finance could solve, leveraging cryptocurrencies, blockchain networks and services (DApps), ...

Ripple will power new payment corridors between 27 African countries and Australia, the United Kingdom and the Gulf Cooperation Council (GCC) under a deal with African mobile payments provider Onafriq.Onafriq will use Ripple Payments' blockchain technology along with with three partnering ...

Kenya might become the first country in the world where the industry’s representatives would develop the regulatory framework for crypto. According to the Blockchain Association of Kenya (BAK), The National Assembly’s Departmental Committee on Finance and National Planning has directed it to prep ...

The Kenyan government plans to roll out its digital identification system in December 2023 after the testing period, which will take the next few months. According to the president of Kenya, William Ruto, whose speech at the East Africa Device Assembly Kenya plant in Athi River was cited by local ...

Cointelegraph recently traveled to Cape Verde, West Africa, to explore whether Bitcoin (BTC) could be a tool for progress.In the latest on-the-ground video documentary from Cointelegraph, global reporter Joe Hall investigates the remittances market, cash economies, and the challenges and o ...

A Bitcoin (BTC) educator based in Tanzania has scaled Africa’s highest peak, Kilimanjaro, sponsoring the entire trip through Bitcoin and Nostr donations.Kweks poses with a Bitcoin and NOSTR Flag at Kilimanjaro summit. Source: XKweks, (not his real name) crowdfunded over $1,700 in Bitcoin ( ...

There has been a resounding call for Nigeria, and Africa in general, to incorporate blockchain technology into its mainstream living. However, during a fireside chat involving stakeholders in the Nigerian blockchain community, it was noted that poverty has to be conquered first before blockchain ...

₿trust, a non-profit organization funded by Twitter (now X) co-founder and Bitcoin (BTC) advocate Jack Dorsey, is scaling up its programs in Africa with a new acquisition.The non-profit has acquired Qala, an organization dedicated to training Bitcoin and Lightning engineers in Africa. The ...

The African continent is considered a significant market for crypto adoption due to its youthful population, flawed economic management by governments, and inadequate financial infrastructure for internal and global connectivity. On Episode 28 of Hashing It Out, host Elisha Owusu Akyaw is ...

Blockchain has the potential to save financial institutions approximately $10 billion in cross-border payment costs by the year 2030, according to a recent report.Published by digital payment network Ripple, in collaboration with the US Faster Payments Council (FPC) on July 29, the report ...

Small farmers in the developing world may be on the cusp of an agricultural breakthrough. With emerging technologies like satellite imagery, drones and machine learning boosting productivity, it’s becoming more viable than ever to sell their produce in places like Western Europe. Ther ...

The Namibian Government officially signed a law to regulate Virtual Asset Service Providers operating in the country last week, reversing its original 2017 decision to ban cryptocurrency exchanges.On July 21, the VASP-regulating law was inserted into the Gazette of the Republic of Namibia ...

Despite the former governor’s ousting nearly two months ago, the Central Bank of Nigeria (CBN) continues to be committed to its central bank digital currency (CBDC) project, showing no indications of abandoning it.According to a report by local news outlet The Sun, the central bank recentl ...

While many investors in the West may look to crypto to speculate the next biggest trend, blockchain technology is actually solving “real-world problems” in Africa such as hyperinflation and "corruption," executives told Cointelegraph.Speaking to Cointelegraph, Chris Maurice, fo ...

It has been a tough week for cryptocurrency exchange Binance. On June 9, Nigeria's securities authority reportedly deemed the exchange illegal, just days after Binance was sued by the U.S. Securities and Exchange Commission. "Binance Nigeria Limited is hereby directed to immediately s ...

Decentralized wireless (DeWi) network operator World Mobile said on June 8 it has completed field tests of its DeWi technology in Kenya, Mozambique, and Nigeria, bringing it closer to a full rollout across the African continent, the company said in the announcement.World Mobile, which aims ...

The Central Bank of Kenya received comments on a discussion paper on the potential issuance of a digital shilling, and hasn’t a definitive conclusion. In a June 2 announcement on Twitter, Kenya’s central bank said it received more than 100 comments from members of the publ ...

Changpeng Zhao, CEO of cryptocurrency exchange Binance, said that after China Central Television CCTV broadcast a story about cryptocurrency, "all of China is literally buzzing." "CCTV just aired a story on cryptocurrency.. It's meaningful.. Chinese-speaki ...

The Coinbase CEO will hold meetings with politicians and regulators There are currently about 500 startups based in Dubai And more than 11% of the population owns cryptocurrency Cryptocurrency exchange Coinbase said that the United Arab Emirates could ...

"The Zambian government is taking a big step forward by embracing the use of crypto assets for payments," declared Felix Mutati, the Minister of Science and Technology. He stated that Zambia is prepared to integrate digital currencies into its financial system and that the government has already ...