Africa

Volvo Invests in Blockchain Startup to Trace Cobalt in Its Batteries

On July 8, Volvo Cars Tech Fund announced their investment in blockchain traceability startup, Circulor. Volvo previously used Circulor’s traceability solution to track cobalt in its batteries. Much of cobalt mining happens in Africa under questionable conditions and involves child labor. In the era where more consumers are becoming concerned with how the products they …

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Crypto Use-Cases in Africa on the Rise, According to Luno

Twitter and Square CEO, Jack Dorsey recently said “Africa will define the future (especially the Bitcoin one!)” But was he right? Crypto in Africa on the Rise Sad to be leaving the continent…for now. Africa will define the future (especially the bitcoin one!). Not sure where yet, but I’ll be living here for 3-6 months …

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Africa Posts Triple-Digit P2P Volume Gains in Three Months

Peer-to-peer Bitcoin (BTC) trading has seen rapid growth in recent months, with the African continent now the second-strongest region in the world for P2P volume behind the U.S. Africa was the sole region to produce an increase in seven-day P2P trade this past week — with sub-saharan African trade posting its seventh all-time high for …

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Money Reimagined: The Ongoing Crisis Is Stirring a Crypto Awakening in Developing Nations

Regular readers of this column will know about the recent surge in African peer-to-peer bitcoin transactions, now at more than $12 million a week, according to Useful Tulips. I think this, and similar patterns across other emerging market regions during the COVID-19 pandemic, reflect the most important cryptocurrency trend of the moment. We are a …

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Africa Is Experiencing a Crypto Renaissance

Crypto adoption is making significant advances in Africa, with crypto ownership, trade volume, and regulation all moving toward greater adoption. A recent report by Arcane Research and Luno found that Uganda, Nigeria, South Africa, Ghana, and Kenya are frequently among the top 10 countries by Google searches for the word “Bitcoin.” The report describes the …

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South Africa Leads Crypto Revolution in Africa – Challenges Spur and Slow Adoption

Africans rank atop global cryptocurrency ownership rates, according to a new report by Arcade Research. South Africa ranks third globally with 13% of its internet users owning or using cryptocurrencies, while 11% of connected Nigerians own cryptocurrencies in the fifth-placed populous West African country. Uganda, Nigeria, South Africa, Kenya, and Ghana are listed in the …

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This Bitcoin Documentary From Africa Is Streaming on Amazon Prime

Demand for bitcoin is still surging across Africa, regardless of the broader economic crisis, according to peer-to-peer exchange data from Paxful and LocalBitcoins.  However, there is no single “African” crypto narrative, as users in jurisdictions across the continent use the technology for vastly different circumstances.  Starting Friday, Amazon Prime will offer the documentary “Banking on …

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CZ Calls Africa an ‘Untapped Market’ With Unique Challenges for Crypto

Binance founder and CEO Changpeng Zhao, otherwise known as CZ, believes that the African continent holds some unique opportunities for cryptocurrency adoption and development. The Binance leader provided a number of interesting insights during an exclusive “ask me anything” session hosted on Zoom for key members of the African cryptocurrency community, which Cointelegraph participated in. …

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