Our website use cookies to improve and personalize your experience and to display advertisements (if any). Our website may also include cookies from third parties like Google Adsense, Google Analytics, and Youtube. By using the website, you consent to the use of cookies.

Ok, I Agree
Feb
14
2024
By OKWI OKOH, BIRD STORY AGENCY
bird TenX: 10 African projects that show the power and versatility of blockchain technology

bird TenX: 10 African projects that show the power and versatility of blockchain technology

NEWS
BLOCKCHAIN, known for its secure and transparent digital ledgers, isn’t just about cryptocurrencies. Here are some African initiatives that showcase the technology’s potential to drive inclusion, efficiency, accountability, security, and transparency. 1. Catch of the Day (Senegal) The Bleu comme la mer platform connects fishermen and customers directly, eliminating brokers and financial gatekeepers. Payments for seafood can be made in Bitcoin, Ether and Tezos. Details like species, location, and dates are recorded by fishermen and shared with buyers on the blockchain in an attempt to reduce overfishing and waste. 2. Private Property (Kenya) e-Health company Afya Rekod uses blockchain to…
Read More
Dec
24
2023
By The African Mirror
Nigerian central bank lifts ban on crypto trading

Nigerian central bank lifts ban on crypto trading

BUSINESS
NIGERIA'S central bank has lifted a ban on transacting in cryptocurrencies while saying global trends had shown a need to regulate such activities, the bank said in its latest circular. The Central Bank of Nigeria (CBN) in February 2021 barred banks and financial institutions from dealing in or facilitating transactions in crypto assets, citing money laundering and terrorism financing risks. Subsequently Nigeria's Securities and Exchange Commission (SEC) in May last year published regulations for digital assets that signalled Africa's most populous country was trying to find a middle ground between an outright ban on crypto assets and their unregulated use. In a…
Read More
Nov
24
2023
By CONRAD ONYANGO, BIRD STORY AGENCY
Crypto: The next big adoption challenge for African banks?

Crypto: The next big adoption challenge for African banks?

BUSINESS
THE transition has been swift. Just two decades ago, most banking in Africa was performed offline, due to limited internet reach. Now, African banks are on the verge of adopting fintech's big disruptor, cryptocurrencies. The latest indicator of the speed of this change was a vote of confidence in Yellow Card, a Pan-African cryptocurrency exchange platform, at this year’s Africa Financial Industry Summit (AFIS 2023). During the summit, which brought together over 1,000 financial industry leaders, regulators, bankers, and fintech entrepreneurs, the exchange was recognised with the award of ‘Disrupter of the Year’. “The award speaks to the power of…
Read More
Jul
05
2022
By The African Mirror
Central African Republic President: Crypto is key to financial inclusion

Central African Republic President: Crypto is key to financial inclusion

BUSINESS
RACHEL SAVAGE CRYPTOCURRENCIES are the solution to tackling financial exclusion in the Central African Republic, its President Faustin-Archange Touadera said, citing the cost of opening bank accounts. "The alternative to cash is cryptocurrency," Touadera said at a launch event for crypto initiative Sango hosted by the country, after it became the first African state to make bitcoin legal tender in April. "For us, the formal economy is no longer an option." The move to adopt cryptocurrencies in a country where internet use is low and electricity unreliable has raised eyebrows among crypto experts, puzzled lawmakers and residents, and drawn words…
Read More
Sep
30
2021
By The African Mirror
The currency for all? Grass-roots drives crypto adoption rate in Africa fastest in the world

The currency for all? Grass-roots drives crypto adoption rate in Africa fastest in the world

BUSINESS
SETH ONYANGO, BIRD AFRICA amassed 105.6 billion dollars worth of cryptocurrencies in forecasts for the year ending June 2021, driven by peer-to-peer (P2P) transactions in key growth markets. Markets like Kenya, Nigeria, South Africa, and Tanzania had some of the highest grass-roots adoptions in the world and ranked in the top 20 Global Crypto Adoption Index. Digital analytics firm, Chainalysis’s latest figures show transactions volume made up of retail-sized transfers in Africa was 7 per cent, against the global average of 5.5 per cent. “No region uses P2P platforms at a higher rate than African cryptocurrency users, as they account…
Read More
Sep
24
2021
By The African Mirror
Crypto adoption rate in Africa fastest in the world

Crypto adoption rate in Africa fastest in the world

BUSINESS
SETH ONYANGO, BIRD AFRICA amassed 105.6 billion dollars worth of cryptocurrencies in forecasts for the year ending June 2021, driven by peer-to-peer (P2P) transactions in key growth markets. Markets like Kenya, Nigeria, South Africa, and Tanzania had some of the highest grass-roots adoptions in the world and ranked in the top 20 Global Crypto Adoption Index. Digital analytics firm, Chainalysis’s latest figures show transactions volume made up of retail-sized transfers in Africa was 7 per cent, against the global average of 5.5 per cent. “No region uses P2P platforms at a higher rate than African cryptocurrency users, as they account…
Read More
Facebook
Twitter
Linkedin
Instagram