Bitcoin's Global Reach Hits Africa's Ghana
As Bitcoin has become a global phenomenon, with the acquisition of super-corporations like Microsoft, Dell Computers, and Paypal, let's not forget that Bitcoin has more humble, but even more important aspirations. Probably its best skill is to bring global finance to the "unbanked" worldwide. Adding international reach and exchange to those who are challenged to deal locally even in a valuable currency. The ability to educate the billions of people who want and need this new technology is vital, and dare I say more important than enriching Western societies with a new investment strategy.....
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Land in many parts of Africa remains an emotive subject. Often fought over, few governments seem to have a clear approach to handling sensitive land issues. However one group in Ghana the Africa Youth Peace Call has come up with a novel way of solving the land question in Northern Ghana - by registering land titles on the block chain. Land Ownership in Ghana - The Bottlenecks. Northern Ghana is home to some of the richest arable land in the country. It however also plays host to Ghana's poorest citizens. In a paper written for the Food and Agricultural Organization, former Ghanaian....
Paxful CEO Ray Youssef said that the current growth trends in Ghana show that it has the potential to be a leader in terms of crypto adoption. As emerging markets take the lead in crypto adoption, Ghana, a country located in West Africa, may soon catch up to other African countries regarding cryptocurrency use. In a report released by blockchain analytics platform Chainalysis, researchers found that Ghana has the potential to achieve crypto adoption levels similar to Kenya and Nigeria, countries which ranked 11th and 19th in the analytics firm’s global crypto adoption index. According to....
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....
According to new data, peer-to-peer (P2P) bitcoin trade volumes in Kenya and Ghana surged in Q1 of 2021, with the two countries now ranked second and third respectively. On the other hand, volumes in South Africa, which occupied second place in 2020, dropped marginally. Consequently, South Africa has now been relegated to the fourth position the data shows. Contrasting Regulatory Regimes Meanwhile, one report has attributed the surge in Kenya and Ghana’s P2P volumes to the two countries’ tacit endorsement of cryptocurrencies. For instance, the report points to the Central Bank....
The continent of Africa, in particularly Ghana, is set to open doors of opportunity to a land perceived as hopeless in the eyes of many. The internet has provided decentralized information that allows some of these marginalized populations to educate themselves, and the development of the blockchain represents decentralized wealth controllable by the people. Africa will be getting Dreamcoins. Dreamcoin is a community cryptocurrency being designed for merchants and consumers in sub-Saharan Africa. DreamCoin creator Phillip Agyei Asare explains it:"Dreamcoin is a purely African initiative,....