Crypto in Africa: hackers target Africa as SA crypto community grows
This week, Africa deals with hacking attacks and an increase in investment for South Africa
This week, Africa deals with hacking attacks and an increase in investment for South Africa
Startups are taking initiatives to help Africans send and receive money at the lowest possible cost.
This week, Africa sees news with a new conversion system for fiat to stablecoin, and a new point of sale payment system for South Africa.
Africa continues to build on its crypto adoption, with one restaurant taking crypto as a payment method. Miners are hurting though from increased electricity prices.
There has been a call for crypto education across the African cryptocurrency markets. Some startups have taken the initiatives, and hopefully, the rest will follow soon.
Since the beginning of this year, exciting activities have taken root all across Africa. However, many believe more needs to be done to help increase crypto adoption on the continent.
Countries in Africa are destined to use blockchain technology and cryptocurrency to change their societies as a whole. While many are using these technologies for good, some are still looking for an easier path to illegal activities.
Africa continues to show the potential of blockchain technology, with one country hoping it helps solve their corruption problems.
Cryptocurrency continues to make progress in Kenya, Uganda and South Africa, despite government reluctancy to support the new technology.
A lot has happened in the cryptocurrency space in Africa. The continent continues to progress from key players in the industry. Despite challenges, the crypto market in Africa has shown great prospects.
Kenya sees breakthroughs in their water problems while Ghana continues to face cryptocurrency scams.
Recent reports by Paxful show that Africa is quickly catching up on blockchain and cryptocurrency matters.