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Tag: Nigeria

Optimism abounds for crypto and blockchain adoption at virtual Blockchain Africa

March 22, 2021 BitcoinFAQs

Blockchain Africa highlights the remaining hurdles that stand in the way of widespread adoption of crypto and blockchain on the…

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Posted in: Todays News Filed under: Adoption, Africa, Nigeria, South Africa, syndicated

Africa’s solarized digitalization agenda in the time of coronavirus

March 20, 2021 BitcoinFAQs

The COVID-19 pandemic has highlighted the necessity for the digitalization and sustainable development of African economies. The seventh session of…

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Posted in: Todays News Filed under: Africa, Egypt, Energy, Nigeria, South Africa, Sustainability, syndicated, united nations

Ghanaian Startup Bitsika Africa Processed $40 Million in Crypto Remittances in 2020, up 3,900% Year-on-Year

January 4, 2021 BitcoinFAQs

Bitsika Africa, a crypto startup operating out of Ghana and Nigeria, said Monday that it processed almost $40 million in…

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Posted in: Todays News Filed under: Africa, Atsu Davoh, Bitcoin, Bitsika Africa, Crypto remittances, Emerging Markets, Ghana, Nigeria, syndicated, Yellow Card

Everyone’s talking crypto for solving sub-Saharan Africa’s payments problems

December 3, 2020 BitcoinFAQs

Stablecoins and continentwide regulations are key to breaking down barriers to Africa’s economic growth. As global interest in stablecoins explodes,…

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Posted in: Todays News Filed under: Africa, Barriers, cross-border payments, Global, Nigeria, Regulation, Stablecoins, syndicated

Following Binance Uganda closure, Binance P2P makes strong inroads in Africa

November 28, 2020 BitcoinFAQs

The cryptocurrency exchange has given up on Binance Uganda, but the regional play remains strong Following the announcement of a…

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Posted in: Todays News Filed under: Africa, Binance, Ghana, Kenya, Nigeria, P2P, Peer to Peer, South Africa, syndicated

Can blockchain make a difference? Africa sees vast monetary potential

November 15, 2020 BitcoinFAQs

As access to crypto spreads across Africa, blockchain could be crucial in improving cross-border payments and settlement systems. As technological…

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Posted in: Todays News Filed under: Adoption, Africa, Nigeria, South Africa, syndicated, Zimbabwe

Exploring the landscape of crypto regulations in sub-Saharan Africa

October 19, 2020 BitcoinFAQs

Despite facing hot-and-cold rules, growing crypto usage in sub-Saharan Africa is forcing regulators to reconsider the industry. Sub-Saharan Africa has…

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Posted in: Todays News Filed under: Adoption, Africa, Nigeria, PwC, Regulation, South Africa, syndicated, Zimbabwe

Foreign Crypto Exchanges Like Paxful, Binance to Pay 1.5% Tax Under Kenya’s New Regulations

October 16, 2020 BitcoinFAQs

The Kenya Revenue Authority (KRA) has clarified that its planned digital service tax (DST) will be applicable to cryptocurrencies at…

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Posted in: Todays News Filed under: Africa, Binance, crypto taxation, Digital markeplace, Kenya Revenue Authority, Kenya's digital service tax, Nigeria, Nixon Omondi, Paxful, syndicated, Taxes

Fiat Devaluation Drives Retail Bitcoin Transfers in Africa 56% in a Year: Report

September 10, 2020 BitcoinFAQs

Monthly cryptocurrency transfers to and from Africa under $10,000 soared more than 56% from a year ago to reach $316…

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Posted in: Todays News Filed under: Africa, Chainalysis, Crypto remittances, Crypto transfers, Emerging Markets, Fiat currency devaluation, Geography of Cryptocurrency Report, Ghana, Inflation, Kenya, Nigeria, South Africa, syndicated, Zimbabwe

Small value crypto transfers in Africa have increased by 55%

September 9, 2020 BitcoinFAQs

Africans are turning to cryptocurrencies to avoid high fees and currency instability, with transfers to and from the continent increasing…

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Posted in: Todays News Filed under: Africa, Bitcoin, international remittance, Kenya, News, Nigeria, South Africa, syndicated, Transfer Fees

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