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Africa News

Africa is the second largest continent in the world in terms of both territory and population. There are 55 states located on the continent. Economies in Africa differs from country to country. In Africa, cryptocurrency tends to be sold with a large trade margin which can even reach 100% due to several reasons. Firstly, Bitcoin in Africa is very difficult to mine because of the climate and lack of infrastructure. Also, cryptocurrency is in big demand in Africa as national currencies are vulnerable to hyperinflation. Besides that, since there are only a small number of virtual currency retailers they are able to set high prices. The relative financial stability of digital money and the opportunities for profit make cryptocurrencies very popular in Africa.

Top News

Is Dogecoin set to follow Shiba Inu’s (SHIB) 400% breakout?

'Much ow' ahead? Dogecoin chart fractal puts Shiba Inu's 390% QTD rally in danger

Shiba Inu rebounds 40% despite major selling by SHIB whales

One currency to rule them all: Facebook’s Diem has global ambitions

Shiba Inu is now a top-20 cryptocurrency with SHIB price soaring 300% in 9 days

Standard Bank Group has become the first African node operator on the Hedera network.

Hedera makes inroads in Africa as Standard Bank Group becomes node operator

Osato Avan-Nomayo

2021-02-24T11:00:00+00:00

12606

Akon’s Akoin cryptocurrency is set to become the exclusive cryptocurrency of the Mwale Medical and Technology City in Kenya.

Akoin rolled out in $2B medical metropolis in Kenya

Osato Avan-Nomayo

2021-02-19T07:25:48+00:00

22295

Just hours after an anonymous source claimed India would issue a blanket ban on all cryptocurrencies, Jack Dorsey and Jay-Z announced a 500 Bitcoin development ...

Jack Dorsey and Jay-Z to set up 500 BTC blind Bitcoin trust in India, Africa

2021-02-12T08:45:58+00:00

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The fintech firm hopes to expand financial products for the unbanked.

Mobile money platform Pngme raises $3M to expand across Africa

2021-02-12T04:04:12+00:00

5205

South African authorities will be keeping a close eye on the cryptocurrency space in 2021 in the wake of major scams and booming markets.

South Africa learns a hard crypto lesson amid fast growing demand

Gareth Jenkinson

2021-02-09T12:36:40+00:00

22145

Crypto transactions in Kenya now attract a 1.5% tax.

Kenyan crypto firms on notice as digital tax law takes effect

Osato Avan-Nomayo

2021-01-08T09:33:36+00:00

12276

Crypto payments network Electroneum is expanding its utility bill and mobile phone airtime top-up coverage to more countries in Africa.

Token-based electricity top-up app expands in Africa but faces headwinds

Osato Avan-Nomayo

2021-01-08T09:07:04+00:00

9888

Some of the world’s biggest freelancing sites have inadvertently cut out talented professionals from developing economies — but a crypto-powered platform is cha...

No fees, no limits, no wait: Crypto gives better terms to freelancers

2020-12-21T12:16:00+00:00

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