Africa May Defy Juniter’s Prediction of Limited Bitcoin Usage by 2019
Juniter’s prediction of 5 million Bitcoin users by 2019 sounds lackluster, but if current activity in Africa is sustained, it could also be proven meaningless. On the February 4, Juniter, a leading mobile and digital tech industry analyst firm, published research on the future of cryptocurrencies. The report predicted that Bitcoin and other crypto coins are not likely to attain significant growth, in terms of retail adoption, in the next four years. It gives worldwide projection of about 5 million active bitcoin users in 2019, up from 1.3 million in 2014. In fact, the advice to online....
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The South African financial regulator has published a draft declaration of crypto assets as financial products. The regulator says South Africa has experienced “an exponential increase in the provision and use of crypto assets.” South Africa’s Crypto Regulation South Africa’s Financial Sector Conduct Authority (FSCA) announced Friday that it has published “a draft declaration of crypto assets as a financial product under the Financial Advisory and Intermediary Services Act [FAIS].” Comments on the draft declaration can be submitted until Jan. 28, 2021.....
According to a recent Chainalysis report, although Sub-Saharan Africa is believed to account for as little as 2% of global transaction activity, the area “contains some of the most well-developed cryptocurrency markets of any region.” Additionally, Sub-Saharan Africa’s “retail market and outsized usage of P2P platforms make it unique compared to other regions.” Sub-Saharan Africa’s ‘Outsized Usage of P2P Platforms’ According to a new report by blockchain intelligence firm Chainalysis, Sub-Saharan Africa’s total crypto....
According to the findings of the latest study by Disrupt Africa, the number of fintech start-ups based on the African continent grew to 576 in 2021. This figure represents a 17.3% jump from the 491 start-ups that were operating on the continent in 2019. Overall, the number of fintech start-ups in Africa has increased around 90% from the 2017 figure of 301. Nigerian Dominance Leading the charge in this continuing African fintech growth is the West Africa region where “Nigerian figures were up 42.6 percent on 2019.” In Ghana, fintech companies grew by 25% over the same period....
With the help of Bitcoin, a new kind of license transforms the usage rights to copyright-protected digital artworks into limited and tradable virtual properties. CoinTelegraph spoke with entrepreneur and artist Stephan Vogler, who publishes his artwork under this new license that provides more usage rights and easily-proven ownership. Vogler and the art law experts of dtb rechtsanwälte in Berlin teamed up to create a license based on Bitcoin technology to transform digital artworks into technically and legally limited and tradable virtual properties. “These licenses can be securely....
Editor’s Note: This article has been changed to make the nature of the Bitcoin Africa Conference more clear. The name of this title is “Bitcoin Africa Conference,” and this is the first time the conference has been held. The author of this article was not saying that this Bitcoin conference is the very first one in Africa. We apologize for any misunderstanding. As you may know, the world’s first Bitcoin Africa Conference will be held on April 16-17, 2015 in Cape Town, South Africa. With all the buzz surrounding Bitcoin in Africa lately, it is no surprise that the first conference has made....