Tag Archives: africa

Cape Town, South Africa – 13 August 2024 – Prepare yourself for the most thrilling African Web3 event of the year! The Blockchain Africa Conference is back, celebrating its monumental 10th anniversary. This year marks a decade of groundbreaking innovation, transformative conversations, and game-changing solutions that are propelling Africa to the forefront of the global blockchain revolution. Since its inception, the Blockchain Africa Conference has been the epicenter of dynamic discussions...

The banking sector of Africa is worth $86 million at the time of writing, and bitcoin and other cryptocurrencies are expected to disrupt the industry like no other technologies can. Africa Could Be Completely Changed Thanks to Bitcoin Mike Brock – CEO of TBD at Block, a financial company run by Jack Dorsey – says one of the big ways that bitcoin can help Africa is that it can be used to ultimately move money around regardless of the present state of the economy. He...

Roughly 3,000 people in Africa have adopted bitcoin in recent weeks and months. The big clincher? Many of these people don’t have access to the internet, and bitcoin is “internet money.” In other words, if you don’t have access to the World Wide Web, then you likely can’t access your digital wallet, exchanges, or other trading tools that will grant you the power to trade, sell, and buy crypto. Africa Sure Loves Its Crypto The tool behind all this is called Machankura....

The adoption of blockchain technology has gained traction in South Africa, Kenya, Nigeria and Ghana – resulting in more efficient and lower-cost cross-border payments to facilitate African businesses conducting trade abroad. This shift can be attributed to an increase in global ratification of the technology where approximately 44% of the top 100 public companies, including tech giant Amazon, Tencent, Nike and MacDonalds. More and more businesses are venturing towards the new technology...

The Congo in Africa has set up its first official bitcoin mining facility. The clincher? It runs entirely on clean energy and seeks to avoid the often atmosphere-polluting methods utilized by former and present enterprises. Mining in the Congo Has Become Possible The mining company has been set up in what’s known as Virunga National Park, which is often used to house endangered mountain gorillas. While these great apes are indeed still prominent in the area, it appears...

African cryptocurrency exchange Yellow Card wants to be big. So big, in fact, that after raising a whopping $40 million in a series B funding round, the company says that it’s looking to become the first African crypto “unicorn” the world has ever seen. Yellow Card Wants to Get Huge A unicorn is any company worth approximately $1 billion or more. One of the firms that took part in the series B funding round was Poly Chain Capital, headed by Will Wolf, who as a partner of...

CV VC, the Swiss-headquartered global blockchain investor reports distinct heating up in blockchain, as startups prove their utility benefit and positively impact the way the world transacts and interacts. CV VC has recently: Optimized its existing portfolio with new funding, such as in Proof of Impact which has just closed a USD 6m raise Opened CV Labs in Cape Town, South Africa, and will follow suit in Berlin, Germany Invested in 12 African startups that possess more utility in their...

Out Now - African Blockchain Report 2021 Did you know? Between July 2020 and June 2021, crypto adoption in Africa grew by over 1200%, making it one of the fastest-growing continents in terms of adoption. Companies raised $91 million in Q1 of 2022, a staggering 1,668% YoY increase from Q1 of the previous year. Most venture dollars went to Nigeria, Kenya, South Africa, and Seychelles, with a combined total of $122 million, or 96% of funding in the...

Leading African PR firm African Media Agency is forming a partnership with Tech Next, a tech-based media enterprise that seeks to educate its readers on digital currency and blockchain trends. African Media Agency Will Help Crypto in Africa Get Bigger In addition, the partnership will provide visibility to Coinference 2022, which is set to occur in early October of this year. Coinference is a special conference that takes place to assist the growing cryptocurrency arena....

It looks like cryptocurrency could really help with remittance payments and boost worker salaries in Africa. Study in Africa Shows the Power of Crypto A study was conducted in Nairobi, the capital of Kenya. In this nation – and several other nations of Africa – a new industry referred to as microwork has emerged over the past ten years. Microwork is the practice of breaking up large tasks into smaller ones so they can be tackled by many people at once. This is a huge...