About Bitcoin in Uganda: Man's One Way to Exchange Bitcoins is No More
Just days ago a video surfaced and made its rounds rather quickly in the bitcoin community. In case you're not up to date, the video (Bitcoin in Uganda - Empowering People) chronicled an Ugandan immigrant's struggle in sending funds to her 20-year-old brother Ronald in Kampala in order to study. The $40 she would send via MoneyGram costed $10 to send - and took its sweet time to get to Africa. Which led up so very well into the topic of bitcoin. The woman's husband dabbled into bitcoin to send back to her brother, Ronald, back home, and emotion got the best of us.....
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The world’s largest crypto exchange announced two subsidiary suspensions within one month. The world’s largest cryptocurrency exchange is launching a new affiliate program in Africa after announcing the termination of its Uganda-based service.On Nov. 3, Binance officially announced the launch of the Binance Africa Affiliate Program aiming to promote Binance across the region. According to the exchange, the new program is open to influencers, crypto enthusiasts and content creators across Nigeria, Ghana, Kenya, South Africa and Uganda.A spokesperson for Binance told Cointelegraph that....
One of Africa’s oldest museums, the Uganda National Museum (UNM), is set to create digital representations of the unique artifacts that are on display at this facility. Working in concert with software development firm Murcom, Uganda’s biggest museum is expected to display and auction the digitally represented items on Binance’s non-fungible token (NFT) marketplace. Uganda National Museum Artifacts to Be Made NFTs According to Murcom’s post on Medium, the “blockchain-based digital representations of the various items under the Museum’s custody”....
The Bank of Uganda has advised members of the Blockchain Association of Uganda to understand more about cryptocurrency sector. The bank has stated that it will be glad to work with crypto platforms in its forthcoming Regulatory Sandbox. It referenced a meeting between both parties early last month in a letter addressed to Kwame Rugunga, […]
Uganda’s blockchain community welcomes the recent call on authorities to create a cryptocurrency regulatory framework, a board member of the Blockchain Association of Uganda (BAU) has said. The member, Suleiman Murunga, explains that such a framework “will create investor confidence and boost participation by innovators.” Uganda’s FIA Calls for Crypto Framework The remarks by BAU’s Murunga come just a few months after the country’s Financial Intelligence Authority (FIA) told the country’s Ministry of Finance to look into the possibility of....
Bitcoin is going to revolutionize the remittance market. Yeah, you have probably heard that one before, but when you tie a story with that statement it becomes a lot more powerful. BitcoinFilm.org has released a short documentary on how Bitcoin is empowering Ugandans. About 700 million USD is transferred back to Uganda every year with Western Union and MoneyGram taking 10-20% of the money people send to their families. Nsubugar Ronald, a 20 year-old student studying accounting and finance, knows how helpful Bitcoin can be from his own experience. Sending money to Makindye, where Ronald....