Tag: Africa

Why Africa Continues to Lag Behind in Cryptocurrency Adoption

Why Africa Continues to Lag Behind in Cryptocurrency Adoption Africa continues to dominate Google Trends search interest for “bitcoin,” but that has not translated into widespread adoption of cryptocurrency by users and businesses. Apart from opaque regulation and a lack of awareness, one of the major reasons for this failure […]

Survey Ranks South Africa Top for Cryptocurrency Ownership

Survey Ranks South Africa Top for Cryptocurrency Ownership South Africa has been ranked as the top country for ownership of cryptocurrency, according to a global survey by social media management company Hootsuite and global agency Wearesocial. The survey found that 10.7 percent of internet users in the country own cryptocurrency. […]

South Africa Wants to Mandate Registration of Crypto Service Providers

South Africa Wants to Mandate Registration of Crypto Service Providers A regulatory working group in South Africa, which includes the country’s central bank, has released a consultation paper on crypto assets this week. According to the document, all exchanges, wallet providers, Bitcoin ATMs and payment processors will have to register […]

Africa Dominates Trade Volume on P2P Bitcoin Exchange Paxful

Africa Dominates Trade Volume on P2P Bitcoin Exchange Paxful Paxful Inc., a peer-to-peer bitcoin exchange, is seeing significant growth in Africa. The U.S.-based company said Africans now accounted for the largest number of people buying and selling cryptocurrency on its platform, with average monthly transactions totaling $ 64.5 million. Also […]

Kenya’s Bithub Africa Mines Bitcoin Using Solar Power

Kenya’s Bithub Africa Mines Bitcoin Using Solar Power Bithub Africa has started using off-grid solar power to mine bitcoin and ethereum. John Karanja, the founder and chief executive officer of the small Kenyan mining operation, hopes to spread the technology to the rest of the continent while exposing the lie […]

Irresponsible Borrowing Leaves Africa on Brink of Debt Crisis – Again

Irresponsible Borrowing Leaves Africa on Brink of Debt Crisis – Again Irresponsible government borrowing has caused debt in many African countries to reach crisis level. Over the past 10 years, more than $ 80 billion in bonds have been issued to thirsty European investors by governments in Africa south of […]

Pushing the Boundaries of Economic Change: Bitcoin as a Medium of Exchange in Africa

Pushing the Boundaries of Economic Change: Bitcoin as a Medium of Exchange in Africa Bitcoin is pushing the boundaries of economic change in Africa. In East Africa, a new deal between digital currency exchange Bitpesa and a Japanese firm shows Kenyans are using bitcoin to pay for used Japanese cars, […]