Africa is a continent where most of the population is unbanked or does not have any bank accounts. Financial systems and banks have tried to change this status quo
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Mike Winkelmann, also known as Beeple or Beeple Crap, sold his artwork as NFT. The JPEG image, titled “Everydays: the First 5,000 Days”, was sold for $69.4 million, making
It has been reported that the central bank of Morocco has instituted a committee to look into the advantages and disadvantages of digital currency, digital equivalent of the dirham.
This partnership will allow online businesses in Nigeria to receive BTC, ETH, XLM, and other cryptocurrencies and pay in naira. Cowrie Integrated Systems and COINQVEST have partnered in a deal that
The famous singer, Akon, has conceptualized a “Futuristic cryptocurrency themed city” which is set to commence construction in a short time. Akon City will incorporate road networks, hospitals, malls, hotels
The outbreak of the Coronavirus has driven the widespread adoption of virtual solutions the world over. While the determination of man to adapt very quickly is worthy of note, we cannot downplay the
Globally, the big names in cryptocurrency are Bitcoin, Litecoin, Dash, Monero, Lisk, and XRP. But when it comes to the African market, Bitcoin is the clear leader. Bitcoin was created in 2009 by
To advance financial inclusion in Egypt, the county’s central bank has concluded the testing phase of an innovative electronic know-your-customer (eKYC) project and has, in addition, pioneered a pilot service. Customers are now
The protocols surrounding KYC (Know Your Customer) involves multiple repetitive documentation, rigorous managerial undertakings and heavy costs to abide by industry regulations. The bureaucratic process for harmonising customer data
Other African countries can now look to Sierra Leone’s blockchain-based financial inclusion program for inspiration. Several African countries with a large base of the unbanked population can look to Sierra Leone
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