It’s an interesting week for the cryptocurrency space in Africa this week. The continent has seen more governments profess their support for cryptos publicly, while others are planning to create a regulatory framework for the market.
Sompo, a Japanese insurance company, has partnered with BitPesa, a pan-African digital payment platform, as part of its bid to increase the company’s global presence.
The Bank of Zambia (BoZ) is finally making a stand on cryptocurrency trading—they’re not legal tender in the country.
CoinGeek’s Becky Liggero spoke to Riad Hartani of Xona Partners, who looks at how blockchain technology will impact markets across the world.
Paxful, a peer-to-peer marketplace, is reportedly looking at the cryptocurrency market's growth potential in East Africa.
The partnership will see the two companies utilizing blockchain technology to make it easier for Africans to buy Japanese products. With the help of blockchain, BitPesa and SBI Remit expect to get rid of challenges accompanying the transfer of funds between African traders and Japanese exporters.
Binance has decided to tap into the vast cryptocurrency potential in Africa. In a statement, the company said it is looking to make investments in Africa and is calling on its supporters to help them connect with crypto- and blockchain projects in the continent with "excellent founders."
TMX Global Coin was reportedly developed in 2017 as a decentralized platform that utilizes smart contracts to eliminate problems associated with both domestic and international import and export business.
CoinGeek's Becky Liggero spoke with Norbert Haguma, who discussed how blockchain was going to revolutionize systems in Africa.
Accepting blockchain and its technologies has not been an easy task in Africa. However, the technology is slowly making headway in the continent.