Business 17 January 2019

Dennis Wafula

Crypto in Africa: South Africa gets new crypto mobile app and manifesto

The year has been quite active for the crypto community in Africa. Even with the current crypto prices, many believe blockchain and its technologies will be the much-needed lift to the economic position of their countries and the entire continent. More start-ups continue to emerge, and politicians are taking up these new technologies.

South Africa’s president launch manifesto featuring blockchain technology

Political authorities in South Africa are embracing blockchain technologies. Reportedly, the president of South Africa, Cyril Ramaphosa has revealed the African National Congress (ANC) manifesto in preparation for the coming elections. The manifesto features the advancement of blockchain as an essential tool for change.

Its seems blockchain provides the much-needed solution for the South African people, who have experienced ten years of chaotic governance under Zuma government. Zuma, the former president of South Africa, is now under investigation and is facing trial for corruption.

Ramaphosa presented the manifesto at the coastal city of Durban. He stated that change was coming to the South Africa people through the new technology as part of the fourth industrial revolution. He added that his government would focus on data analytics, Internet of Things, and Blockchain.

Ramaphosa stated:

“We see a country that has embraced the benefits of technology for economic growth, social development, and more effective governance. We are producers of knowledge and drivers of technological progress.”

The government is already creating new asset regulatory working group to investigate the potential of cryptocurrencies and blockchain in the country. The working group has the mandate to develop a cohesive governmental response to cryptocurrencies.

So far, financial authorities seem to be in support for blockchain and its technologies. In December, the Reserve Bank of South Africa and the National Treasury published a consultation document that looked to create space for cryptocurrencies in the national economy.

It seems that South Africa leaders are joining other political leaders in using blockchain and its technologies for their political campaign. Last year in November, a Nigerian politician, Atiku Abubakar announced that he would create a blockchain and crypto regulatory framework if elected. Abubakar promised voters that he would use his position to help improve the country’s economy using these technologies. He stated:

“My mission is to make sure that Nigeria’s economy is reactive to the challenges of the 21st-century knowledge economy by keeping up with the amazingly dynamic in the technological pace.

Nigeria is set to hold elections in February. The country has seen a tremendous rise in crypto activities, second only to South Africa in adoption.

ICE3X launches Android app

ICE3X, a bitcoin trading platform has finally launched an Android app following numerous requests from their uses. The mobile trading is now available on the Google Play Store, and it comes with all functionalities the web-based ICE3X trading platform has.

The Android app will allow users to make trades, compare charts, transfer funds, and check their portfolio on the move. Just like their website, ICE3X has incorporated the help desk tool on the mobile app to help users get help and services on issues regarding the app.

While commenting on the launch, the founder of the ICE3X platform stated:

“We have a fully mobile adaptive platform, but decided to launch an app, mainly to make use of offline functionality which the app will provide. We are building a super secure non-custodial wallet, which enables users to control their private keys in line with our ethos of supporting and promoting sovereign financial freedom and responsibility.”

Reportedly, the exchange is making plans to add new features in the coming days. One of these features includes the new Bitcoin school that will soon be launch. ICE3X’s Bitcoin school is aimed at helping users learn more about Bitcoin in regards to independent wealth creation.

The exchange also plans to bring more new products as the year unfolds including Instamyna and icebox, which are vboth still in development.

To use the app, users just need to download it from Google play store, create an account and start trading. 

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

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