Crypto firms ignore Africa at their peril as continent set for major adoption
Experts believe that Africa is primed to lead the next wave of global crypto adoption. Even though the digital asset market seems to be witnessing a bit of a lull at the moment, the adoption of crypto-centric tech has continued to move forward with a full head of steam globally. Africa, in particular, is a continent where a growing list of mainstream financial entities have continued to make their presence felt, as they have begun to realize that the economic opportunities presented by the region are immense.To put things into perspective, a recent report released by Singapore-based crypto....
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Leading blockchain protocols and other actors jockey for position in the race to build and mold Africa’s emerging Web3 economy. Whatever you prefer to call it — crypto, blockchain or Web3 — this new segment of the digital economy is booming across Africa. If you’ve been sleeping on the sector, now’s a good time to wake up.Why? Well for one, according to analytics firm Chainalysis, Africa’s crypto market increased in value by more than 1,200% between July 2020 and June 2021. Led by especially high adoption rates in Kenya, South Africa, Nigeria and Tanzania, Africa had the third-fastest....
Many continents make impressive progress in the crypto space, and Africa is not left out. Many people and even businesses from Africa have plunged into crypto sphere. Gradually, digital assets are becoming a lucrative option in the continent. Such growth in crypto adoption has drawn the attention of crypto projects to the continent. Mara is […]
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 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....
Bitcoin may still be less popular in parts of Africa but it presents itself as an alternative to several challenges facing the region that has been dubbed the mobile-led continent, according to Llew Claasen, Executive DIrector of Bitcoin Foundation. Claasen believes that the current levels of Bitcoin adoption in Africa reflect where Bitcoin is on its technology adoption curve globally and the continent shouldn’t be seen as being behind. “Africa has many challenges where Bitcoin offers a viable alternative and this strong need may see Africa taking more than it's fair share of the global....