Business 21 September 2018

Dennis Wafula

Crypto in Africa: Namibia conservationist uses Bitcoin BCH, Zimbabwe seeks to adopt crypto

Cryptocurrencies continue to spread their wings in Africa.

Recently, a wildlife conservationist decided to use cryptocurrencies, Bitcoin BCH in particular, to help save the wildlife in Namibia.

Nadja Leroux is of the opinion that cryptocurrencies provide the best avenue for saving wildlife in Africa. She opted for cryptocurrency as it provides faster transactions no matter where users are located. She first came across cryptocurrency when someone sent her $10 worth of Bitcoin BCH while she was still in the African wilderness. This made her happy, as she could make transactions in the middle of nowhere. As a result, Leroux decided to create a Bitcoin BCH fund to help raise money to save the African wild dogs and is hoping to raise about $1,600 that she will use to acquire the necessary technology to help protect the animals.

According to her tweet, Leroux stated that she plans to buy an iPad to help with keeping records and doing the analysis. So far, the account has collected $33 worth of Bitcoin BCH. Her tweet also emphasized the importance of saving 4,500 African wild dogs in the world.

Leroux has been actively involved in helping save these endangered species. She has spent 121 days out in the field setting up the groundwork for her project. She hopes to get enough funds to finish up her operation.

Zimbabwe turns to crypto for help saving country’s economy

Zimbabwe might finally break from its financial chains, all thanks to cryptocurrencies. The newly appointed Minister of Finance in Zimbabwe, Mthuli Ncube, is making changes to have the country back on track. According to reports, Ncube has promised to push the Reserve Bank of Zimbabwe (RBZ) into creating a division that will see the bank develop a better understanding of cryptocurrencies.

Barely two weeks in office and Ncube is making changes to have the country financial sector return to its former glory. He believes cryptocurrencies will help fulfill this vision. According to the minister, governments who have taken rather a positive stand on cryptocurrencies are doing much better. He quoted Switzerland, acknowledging the fact that people in that country can pay for their travel expenses using cryptocurrencies. He believes by taking a positive approach towards cryptocurrency, Zimbabwe will have a fighting chance of saving its economy.

He also stated that instead of banning crypto-related activities, authorities should look for ways to regulate the industry and encourage young people in the country to participate in this new technology.

The financial situation in the country has caused many to looks for other alternatives. Some have resulted to banking with international banks in other countries like South Africa and Botswana, while others have decided to transact with cryptocurrencies away from authorities’ watchful eyes.

The cryptocurrency community in the country hopes the central bank will accept this new line of thinking to help lift the ban in the country.

Uganda gets a new token to help connect the communities

RightMesh AG, a connectivity company that developed a decentralized mobile mesh network, has listed their token, RMESH, on the Golix exchange in Uganda. RightMesh is on a mission to bring online connectivity to the people living in Africa. To achieve this vision, the company has been giving users cryptocurrencies as incentives in order to participate in the mesh network.

Golix has joined RightMesh to help facilitate this project. Since its launch in Uganda, Golix has helped many people buy and sell cryptocurrencies including Bitcoin BCH, along with BTC, LTC and ETH, among others.

At the beginning of this year, RightMesh completed a $30-million token sale in preparation of their new platform. John Lyter, CEO and founder of RightMesh, believes this opportunity will benefit many people in the country. According to reports, many people in the country cannot connect with other people, either domestically or abroad, through social media because the government in Uganda passed a motion to tax social media activities. As a result, users have to pay a high costs just to connect with other people.

By introducing the peer-to-peer platform, people in the country will be able to easily connect with one another. RightMesh believes that with their tokens in place, people not only in Uganda, but also around the continent, will benefit.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Satoshi Vision (BSV) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BSV is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.


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