Crypto Adoption In Nigeria

A report from Citigroup, a US investment firm, revealed that Nigerians were the third largest holders of bitcoin as a significant percentage of gross domestic product (GDP). The use of this digital currency in Nigeria ranges from trading to making fast, low-cost cross-border financial transactions, thereby saving on the high fees taken by traditional money-transfer services and commercial banks. Nigeria …

Nigeria’s Capital Markets Regulator Striving Hard to Create a Solid Framework for Cryptocurrency Regulation

Nigeria’s cryptocurrencies and blockchain community could likely be given a clear stance on the classification of cryptocurrencies before the end of this year by the country’s Securities and Exchange Commission (SEC). What the Upcoming Cryptocurrency Regulation Framework is all about As per the recent report by Pulse, the regulatory institution is set to effectively implement the roadmap for the fintech …

Why Ghanaians Need Crypto More Than Ever?

The current prevailing financial challenges in Ghana could be direct calls for investors to embrace cryptoassets for financial freedom. Up-to-date, Ghanaian investors are still subjected to financial difficulties as the Bank of Ghana (BoG) continues to probe fund managers for mishandling funds. It is with this in mind that we think that it is time for Ghana which has one …

Press Release : Peer-To-Peer Finance Boosting Entrepreneurship in Africa

Cape Town – Blockchain technology and the role of entrepreneurship in driving Africa’s prosperity in the Fourth Industrial Revolution (4IR), were some of the key topics taking centre stage at this year’s World Economic Forum (WEF) on Africa which was held in Cape Town recently. Paxful, a leading peer-to-peer global bitcoin marketplace, is excited about the improving economic outlook for …

South African Reserve Bank Steps Out To Conduct Central Bank Digital Currency Feasibility Study

According to an expression of interest (EOI) that was issued on April 29, 2019, the South African Reserve Bank (SARB) is said to conduct a central bank digital currency (CBDC) feasibility study. The South African Reserve Bank is passing through this EOI in finding solution providers to offer technological infrastructure and skills to the project. What is the CBDC Feasibility …