Meet BTrust’s Abubakar Nur Khalil, Africa's Bitcoin Innovation Savior
With a vision for how Bitcoin can grow exponentially in Africa, Abubakar Nur Khalil will help guide Jack Dorsey’s BTrust.Anyone who has family in Africa or friends on the continent understands how difficult it is to transfer money via remittances outside of Bitcoin. With the recent government banning of Twitter and continual debasement of the naira in Nigeria, the process can be very frustrating. For many, it’s not necessarily the promise of profit that gets poor people on board to use Bitcoin, it’s the ability to remit value outside of the traditional financial rails. The promise of....
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It’s time for the Btrust to start making moves. And they did so by announcing their “to-do list” and “high level goals.” A month ago, Block CEO Jack Dorsey and rapper and entrepreneur Jay-Z announced the members of the board for their 500 BTC blind trust. Btrust’s purpose is to “make bitcoin the internet’s currency” and their field of action is Africa and India. Hello World 👋 We’ve been working hard on getting ₿trust set up. To start out, we’ve broken up our to-do list into a set of high level goals. Each of these tasks require careful thought. We’ll be requesting feedback from the....
The Cape Innovative and Technology Initiative (CiTi) has announced the launch of South Africa's very first Bitcoin incubator, the BitHub. The non-profit innovation group, known for its impeccable contribution in accelerating technology startups in South Africa, believed that it was time for inspiring innovators - coders, entrepreneurs, investors, etc. - to collaborate and build futuristic Bitcoin applications. According to Ian Merrington, the CEO of CiTi, they always wanted to create a private physical space - an incubator - to foster ideas that are particularly pitched to improve upon the....
A lack of cooperation between regulators and Blockchain players threatens innovation in parts of Africa. The associate professor at the University of Nairobi’s School of Business says that the continent’s regulatory environment has to be changed in order to encourage growth. Bitange Ndemo noted in a piece for “Business Daily Africa” that Africa requires “radical regulatory interventions to increase both access and affordability of digital inclusion.” He states: “Blockchain technologies will change our future. We must be ready to collaborate and encourage multidisciplinary mechanisms to....
This April, the city of Cape Town, South Africa plays host to the first ever Bitcoin conference in Africa. The event is set to take place on the 16th and 17th April 2015 at the Atlantic Imbizo Conference and Function Studio, located at the Victoria and Albert Waterfront. The Bitcoin Africa Conference will bring together merchants, investors, venture capitalists, startups and Bitcoin enthusiasts who are all looking to move Bitcoin forward in Africa. Bitcoin in Africa is at a decidedly infant stage. Subjects to be discussed include what bitcoin is, the blockchain, merchant adoption, and the....
Bitcoin in the Headlines is a weekly look at bitcoin news, analyzing media and its impact. Is bitcoin the economic antichrist or a savior for struggling nation states? This debate played out in the headlines this week in lengthy dissections of bitcoin's apparent growth in Argentina, a nation plagued by economic mismanagement and hyperinflation. But, while bitcoin may be seen as a potential savior for one long-struggling economy, rumours of bitcoin's biblical ties were levied by a right-wing publication in the latest sign that the debate over the technology is expanding its reach, in....