Crypto in Africa: Quidax launches crypto literacy program in Nigeria
Quidax, a European-based cryptocurrency exchange, recently launched its operations in Nigeria.
Quidax, a European-based cryptocurrency exchange, recently launched its operations in Nigeria.
International crypto exchange Binance announced on October 15 the launch of its fiat-to-crypto service in Uganda.
Paxful, a peer-to-peer marketplace, is reportedly looking at the cryptocurrency market's growth potential in East Africa.
Pesamill Africa has begun trading in one of Africa’s most active crypto markets. The startup’s exchange service will compete with the likes of Bitpesa and will market itself to more than 48 million Kenyans.
The U.S. dollar is reported to be losing its place as the top intercontinental currency in Africa.
When it comes to cryptocurrency, Africa is quickly catching up. One particular cryptocurrency market gaining so much interest is that of South Africa.
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."
Despite the rejection, criticism and slow adoption of blockchain and its technology they are still making major changes in Africa.
The Kenyan Independent Elections and Boundaries Commission (IEBC) is turning to blockchain for a better election experience.
The blooming cryptocurrency industry in Africa continues to operate in legal gray areas as it progresses upwards. While other countries worldwide give cryptos attention with intention of regulating them, their African counterparts remain reluctant to make any substantial moves.
The cryptocurrency sector in Nigeria has been busy growing in the last couple of weeks with new game changers joining in the fray. More Nigerians are trading in cryptocurrencies both locally and internationally.
African countries are not just taking blockchain technology by the horn, they’re also tightly holding on to it. In the last few months, some countries in the region are finally realizing the great potential of cryptocurrency and its underlying technology.