Tag: Africa

The price of one Bitcoin (BTC) in Nigeria can cost upwards of $38,000. The price of Bitcoin in Nigeria has skyrocketed to well above market levels amid continued efforts by the central bank to push its citizens into digitalized cash. At the time of writing, the price of 1 BTC on Nigerian crypto exchange NairaEX is…

The Central African Republic adopted Bitcoin and swiftly created its own token, Sango Coin. But where did Sango Coin come from, and why is it necessary? In the spring of 2022, the Central African Republic (CAR) became the first African country to adopt Bitcoin. As the second country globally to recognize Bitcoin in such a…

Machankura, the South African SMS-based service named after the local slang word “money,” is bridging the gap between Bitcoin and people without internet access. Kgothatso Ngako, the developer of the service, believes that due to this new technology, people in Africa will be able to receive and spend Bitcoin without the need for an internet…

Jambo is one of the leaders in the African blockchain industry. Their business extends to many areas: Jambo is a venture company, a Web 3.0 super app developer for African countries, and a creator of educational projects, including in the field of cryptocurrencies. Jambo’s super app concept combines education and gamesharing to earn money and…

Crypto exchange FTX announced the start of a partnership with AZA Finance, whose objective is to “expand the adoption of Web3 and digital currencies throughout Africa,” including also non-fungible tokens (NFTs). A statement released by AZA Finance said the two companies will work to “create pathways for African users to participate and learn about the…

The crypto economy as of late has been developing most rapidly in Africa, Latin America and the post-Soviet states. We decided to take a closer look at the process. Africa as a region still has the smallest cryptocurrency economy on the planet. But that is precisely why it’s growing so fast, starting from a low…