Bitcoin Voucher Startups Aim to Help Africa's Unbanked
British bitcoin voucher service Azteco and South African startup Xoin have separately launched services designed for one potentially huge emerging market; namely, the unbanked populations of Africa. Azteco, which claims it is "the easiest way to buy bitcoins", has announced that it is in the final stage of development of its voucher product and is already accepting applications from prospective vendors. Xoin is also introducing prepaid bitcoin vouchers that allow customers to buy bitcoins with cash. Both services are designed to appeal to unbanked and underbanked markets, with an emphasis....
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Ghana Dot Com has put Ghana on the Bitcoin mining map by starting a Bitcoin mining farm. Bitcoin mining has entered the African continent; the very first Bitcoin mining facility in the region is now in Ghana. Africa has always been a center of attraction for both Bitcoin and fintech-based businesses. The African continent has provided a lot of positive PR to the Bitcoin ecosystem – It has been and still is the testing ground for Bitcoin-based basic alternate financial services. Banking the unbanked is one of the taglines for the digital currency and there is no dearth of the unbanked and....
Bitcoin and Africa are often mentioned in the same sentence, particularly when talking about remittances and the unbanked. Now, the stage is officially set to delve into these issues and beyond, as the first Bitcoin conference on the African continent is ready to open its doors April 16-17. While the rate of adoption and the number startups on the African continent are no match for those of Europe and North America, there is an effort to catch up and the African Bitcoin community is taking a major stride forward on April 16-17, 2015. In these two days, the Imbizo Conference and Function....
Africa remains the home to a large proportion of the world’s population that is unbanked according to a 2017 World Bank Global Index survey. Many of those who are unbanked cite their lack of official identification particulars as one of the main reasons for their predicament. Cryptos Narrowing Financial Exclusion Gap Therefore, in their effort to reduce the number of people that have no access to banking services, Satoshi Nakamoto created Bitcoin, a decentralized digital currency and network that is available to anyone. Now, more than ten years later, the crypto asset has had....
The Bitcoin remittance business is blowing up all over the world. South African financial website moneyweb brings us the report directly from the oldest continent. The conditions that led to El Salvador making Bitcoin legal tender are present all over Africa. The people are unbanked but everybody has mobile phones. Plus, the diaspora is huge and sends money home constantly while big companies rob them blind with high fees. Related Reading | Is Largely Unbanked Africa Primed for Bitcoin Adoption? “The African continent has many opportunities for widespread Bitcoin adoption. One of....
Africa’s fintech startups are reported to have raised $2 billion in the past year alone. This amount dwarfs the $231 million that was raised in the year 2020. Nigerian startups continue to account for the biggest share of funds raised by the continent’s fintechs in 2021. 2021 Has Highest Number of Reported Deals The capital raised by Africa-based fintech startups in 2021 shot to $2 billion, a figure that is almost ten times the $231 million that was raised in 2020, data from Crunchbase News has shown. The figure, which is also the new all-time high, dwarfs the previous high....