Africa

Africa could become a powerhouse in the blockchain space in the near future, according to research.   Swiss investment company Crypto Valley Venture Capital has highlighted the rise in the volume of funding that has entered Africa’s blockchain space in recent times. In a recent release, the firm noted a substantial increase in this year’s Q1 funding compared to 2021’s. Venture Funding Grows 11 Times in Q1 2022 The Swiss company CV VC recently released its publication, The African Blockchain…

The Central African Republic has passed a law creating a legal framework for cryptocurrencies, with a particular focus on Bitcoin. The legislation is designed to create a welcoming environment for the country’s financial sector while making money transfers more efficient. The Benefits of Bitcoin in Africa The Bill Governing Cryptocurrency in the Central African Republic was passed unanimously by the National Assembly on April 21st. It’s been entrusted to Mixed Commission on Economy, Finance and Planning/Equipment and Communications chairman Guy…

Francis Ngannou – the current Heavyweight Champion of the UFC – recently discussed Bitcoin adoption in Africa with Max Keiser. He said that Bitcoin could become the “future of finance” for the continent, by helping Africans escape monetary control from France. Taking Back Monetary Control The MMA fighter covered the topic on stage this Thursday at the Bitcoin 2022 conference. He explained why economic trade is so difficult there, due to France backing up the currency of 14 African countries.…

Artists across the African continent are increasingly creating ripples in the NFT space. Young creators especially have been keen on pushing the NFT trend in recent months.  South African Artists Join the Future Moving along with the NFT trend, South-African artists have begun to offer tokenized versions of their work for purchase. Since the NFT boom that began in late 2020, NFTs have grown into a staple in the art community.  They allow artists to stay on top of emerging…

According to the World Bank, Africa needs more than $100 billion and over 10 years to solve its connectivity issues. This is an estimate on using the traditional telecommunications, data management, and transfer systems. Unfortunately, going down that path would prevent most African countries from modernizing their telecommunications infrastructures. While the rest of the world would embrace new technologies, Africa would remain further behind. Meanwhile, the potential annual revenue, such as Nigeria’s untapped $60 billion from better broadband, would go…

Africa is the second-largest and second most populated continent globally but isn't at the forefront of traditional ventures. However, in the wake of blockchain technology and the cryptocurrency market, it is due to a significant change. Ghana, South Africa, Uganda, Kenya, and Nigeria are among the top ten countries with the highest Google search for 'Cryptocurrency.' Furthermore, African countries are laying the necessary foundations for the cryptocurrency industry to thrive.  Bitcoin advocate and Twitter founder Jack Dorsey noted in 2019…

Blockchain technology has been developing at an impressively fast rate. Various industries worldwide are shaping their narrative by using blockchain technology to suit individual qualities and needs. About 12% of the energy and resources industries around the world are using blockchain. Other sectors, such as media companies, adopt blockchain to enforce digital rights and payments to content creators. Blockchain adoption in Latin America and Africa has been off to a slow start, but these regions are now catching up to…

Twitter and Square Crypto founder, Jack Dorsey held conversations with Africa's and Hong Kong's internet leading lights. Their deliberations centered on the adoption of Bitcoin in the two regions. Mr. Dorsey provided a snapshot of the conference call he held with Dr. Nii Quaynor and Pindar Wong. Dr. Quaynor and Mr. Wong have track records in establishing and developing internet programs in Africa and Hong Kong respectively. Push For Bitcoin Adoption Jack Dorsey has been a strong Bitcoin proponent. He…