Pandemic Drove Adoption but Information Dissemination Just as Important: Keny...
The adoption of blockchain technology and the use of cryptocurrencies by people in Africa surged to unprecedented levels in 2020. While many have attributed this to Covid-19, blockchain advocates believe their work is partly the reason many are turning to digital currencies. Importance of Education Starting in the first quarter of 2020, the adoption of blockchain-anchored digital currencies such as bitcoin accelerated in regions like Africa where the number of financially excluded adults is still very high. Indeed, the blockchain and cryptocurrencies have proved to be tailor-made for the....
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Web3 needs to reframe around participation in terms of technology, architecture, design and talent to achieve a decentralized internet. Web3 is hailed as a technology paradigm that is fueled by the creator economy and is in the future, or rather, the next evolution of the internet. As we draw evolutionary comparisons of the technology that underpinned everything from information consumption to content creation, Web2 contributed an unparalleled economic growth and represented a significant era in human evolution with new ways to work, consumer information and progress in human civilization.....
While the rise in cryptocurrencies over the last year has been the source of excitement among advocates and consternation for its detractors, a look at prices alone hides the real value being unlocked within the ecosystem. Cryptocurrency’s Real Value Lies in its Use, Not Speculation With the pandemic weighing on the global economic outlook and confidence in legacy frameworks ebbing near an all-time low, crypto fills the void among investors, consumers, and merchants alike. While easy to look at the significant rise in crypto valuations as the harbinger of times to come,....
Some predicted the pandemic would provide the “perfect storm” for blockchain adoption. Did they overpromise? On Nov. 9, drugmaker Pfizer announced that its COVID-19 vaccine is 90-plus percent effective, and even though it may be premature to proclaim the pandemic’s end — as the virus continues to rage in the United States and Europe — once can at least speculate: Where will blockchain adoption stand when the crisis abates?Some predicted, after all, that the global healthcare upheaval might provide a perfect storm for worldwide blockchain adoption. A Harvard Business Review article from....
Blockchain and crypto enthusiasts have for years preached about the much envisioned mass adoption of this fintech and why this is an important goal that must be achieved sooner than later. However, many factors like ignorance, a lack of information, and poor telecommunication infrastructure have made the attainment of this objective difficult.
A Book of ‘Immeasurable’ Importance
In Africa, where proponents of cryptocurrencies believe the technology has a better chance of succeeding, the task of convincing the continent’s citizens is made even more difficult....
A court in Russia’s Perm region has decided to block a number of websites describing how to exchange cryptocurrency for fiat cash. Local prosecutors claim the dissemination of this type of information is against the law in Russia as it may facilitate the laundering of illicit funds. Kungur City Court Blocks Crypto-Related Sites The Kungur City Court in the Russian Perm Krai region has upheld a request filed by the Beryozovsky District Prosecutor’s Office to take down several internet sites detailing various methods of cashing out bitcoin. The prosecutors who discovered the....