African Nations Resisting Bitcoin Only Delay The Inevitable
Countries in Africa have the opportunity to become global leaders by adopting Bitcoin and providing a pathway for innovation. All fiat leads to Bitcoin.There are two forward-looking countries on Earth when it comes to Bitcoin: El Salvador and the Central African Republic. These two very different countries on different sides of the globe have both come to the same conclusion: Bitcoin is the best money ever invented and embracing it early will be beneficial both for the people of the adopting nation and to the benefit and preservation of the concept of the nation-state itself.There are....
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African nations may soon introduce Bitcoin regulations as the digital currency adoption rises in the region. Uganda may lead the way. “Banking the Unbanked” is one of the use cases of Bitcoin as projected by the cryptocurrency community. The digital currency has been successful to an extent in that mission. The lack of access to mainstream banking is prevalent in many developing nations across the world, including the African continent. Bitpesa and other cryptocurrency backed services have been offering financial services in these countries for a while now. The increasing usage of Bitcoin....
The Central African Republic, one of the nations served by the Bank of Central African States, passed legislation adopting Bitcoin as legal tender in April. The Bank of Central African States, or Banque des États de l'Afrique, which serves Cameroon, the Central African Republic, Chad, Equatorial Guinea, Gabon, and the Republic of the Congo, could be closer to releasing a central bank digital currency reportedly at the urging of its board.According to a Friday report from Bloomberg, the board sent an email calling for the regional bank to introduce a digital currency in an effort to....
The Museum of Modern African Art Gallery & Lifestyle (MOMAA), a platform that promotes African artworks, recently kickstarted a 30-day non-fungible token (NFT) Modern African Art Exhibition. The exhibition, which will be MOMAA’s first NFT showcase, is set to feature the works of Goran Pin or the Portraitist. Pin, a Croatian national, is an artist seen “pushing the edges of the crypto art medium on multiple levels.” According to a statement on MOMAA’s website, taking the centre stage at this exhibition will be the Portratist’s “Kings and Queens....
Binance partners with the Confederation of African Football to sponsor the TotalEnergies African Cup of Nations tournaments. Monday marked the start of the TotalEnergies Africa Cup of Nations tournament — the largest men’s football championship series in Africa. At the same time, Binance announced its official partnership with the Confederation of African Football as well as its official sponsorship for the AFCON 2021 tournament, becoming the first crypto and blockchain sponsor for the event.Through this sponsorship, Binance will also be promoting CAF’s social media content which will....
Bitpesa has now started to offer B2B fund transfer services between African nations and China. The digital currency that knows no boundaries — Bitcoin has been rightly called as the universal currency. The decentralized nature of Bitcoin makes it a truly global medium for value exchange, not under the control of any one country or institution. This very nature of Bitcoin is now being utilized by many companies in the African continent to conduct trade with those in China. Bitpesa, the Bitcoin payments application which started as a cryptocurrency based contender for Mpesa is now offering....