Building Nigeria’s Bitcoin’s Village
Entrepreneurs in Nigeria are building on the country’s growing interest in BTC and establishing Bitcoin Village, a safe haven for Africa.Nigeria is a unique country in West Africa, geographically situated between the Sahel to the north and the Gulf of Guinea to the south in the Atlantic Ocean. Inflation is currently over 18%, and money debasement is sometimes a daily occurrence. If you’ve never had a backpack full of useless naira, you wouldn’t understand. In places like Accra, Ghana, the cost of living is among the highest in any African country. But Bitcoin can remove the trust factor of....
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Vernon Hills, Illinois, a Chicago suburb, will sell $10,000 worth of bitcoins that police seized from criminals, according to The Chicago Tribune. The bitcoins were seized during joint police investigations with federal authorities. Village trustees authorized Nikki Larson, the village finance director, to begin the process of selling the bitcoins. Police did not reveal details of the investigation. Bitcoins Swapped For Dollars. Since the village does not have use for the bitcoins, Larson recommended that the village accept its share of the confiscated bitcoins and convert them into U.S.....
Nigeria’s Securities and Exchange Commission (SEC) announced Thursday it has put plans to regulate cryptocurrencies on hold.
Bitcoin is seriously considered a currency in major economies of the world, yet there is still a conservative reaction on some markets which is remarkable. Market and institutional conditions sometimes lag behind the tech opportunities but we are here to promote it. Cointelegraph continues to discuss what you can do and where you can go in Russia if you want to spend your Bitcoins right now. How Russia got a Bitcoin village. We are now witnessing the situation where Bitcoin is accepted as a form of payment in multiple big and small companies all over the world. In such a conservative....
The South African financial services giant, Nedbank, is reported to have acquired a village in the metaverse. The village will be used to showcase African creativity and to create experiences that “go beyond banking.” By securing a virtual property in Ubuntuland, Nedbank became one of the first financial institutions in Africa to embrace the metaverse.
Showcasing Africa’s Creativity
Nedbank, the South African financial services group, recently secured a “village” in the Ubuntuland metaverse which reportedly measures 12 by 12. By securing the....