Africa has seen massive growth since June last year, with the need for cheap remittances, rise of P2P platforms, and savings needs leading the adoption, according to Chainalysis.
Kenya has ranked first in the world for P2P volume for the second year in a row and fifth for adoption – local traders and startup founders share their views.
Kaspersky found that investors in Rwanda and Ethiopia have the highest ratio of targeted attacks at over 3%, with Nigeria and Kenya also ranking highly.
Justus Abonyo, a nominee for Kenya’s electoral commission, says blockchain-based voting would bring down the cost of elections by over 90%.
The law charges a digital services tax on all digital marketplaces and services, as the government seeks to raise $46 million from the sector.
Integrating blockchain technology can help Kenya save billions of dollars lost each year to corruption, according to the United Nation.
The Central Bank of Kenya is in discussions with other central banks globally regarding the introduction of a central bank digital currency.
The Kenyan startup caters to over 6,000 small-scale farmers in rural areas, enabling them to leverage technology to increase their income.
Sub-Saharan Africa has taken to digital currencies, with P2P platforms in Kenya, Nigeria, South Africa and Ghana posting triple-digit growth in 3 months.
A new report by Luno and Arcane Research has delved into the African digital currency market, acknowledging the opportunities and analyzing the challenges.
Maramoja is a ride-hailing app that uses blockchain and AI to match passengers with drivers they can trust.