Places Africa

Akoin, the cryptocurrency project created by global music star Akon, has secured a deal to become the main currency of the $2 billion technology city in Western Kenya. The Mwale Medical and Technology City (MMTC) is home to over 35,000 people and thousands of businesses, all of which will be using Akon’s Stellar-based cryptocurrency, the […]

The Grammy-award winning artist and producer Akon is making significant strides to push forward the utility of his cryptocurrency project by securing a strategic partnership that aims to bring financial inclusion to the masses, starting with Africa. Akoin teams up with BitMinutes Last week, Akon launched his own cryptocurrency, dubbed Akoin, on the Stellar network […]

Grammy-award winning artist and producer Akon is launching a crypto aimed at helping entrepreneurs and businesses within developing companies thrive, and has chosen to launch the utility token on the Stellar blockchain network. The official launch of this cryptocurrency – called Akoin – marks the next step in the multi-platinum selling artist’s goal of helping […]

Bill Pulte, the heir to the Detroit real estate giant PulteGroup, has set his sights on sending Bitcoin to those in need living in Africa. Pulte, who gained popularity by giving out hundreds of thousands of dollars to strangers on Twitter, is big on Bitcoin and believes it could be used to fight poverty in […]

With the benefits of ‘going cashless’ repeated endlessly in the media and Fintech circles there seems to be an assumption that just by making digital financial services available, cash automatically becomes obsolete. The reality on the ground is that digital services are not replacing cash, but instead, cash is a necessity for digital services to […]

Analysis of LocalBitcoins data shows that Bitcoin has exceptionally high rates of usage in countries with low economic freedom, supporting the argument that BTC is sound, unstoppable money. Understanding LocalBitcoins Established in 2012, LocalBitcoins is the world’s most popular and longest-standing peer-to-peer Bitcoin exchange. The service facilitates cash-to-BTC trades in 249 countries with a global […]

According to Binance Research, relative search trends of the term “Bitcoin” have been shifting from west to east since 2011, and have now reached Africa. Binance highlights Bitcoin popularity on Google Search The world’s largest digital asset, Bitcoin, has always been synonymous with cryptocurrencies. For most, Bitcoin is the gateway both to other coins and […]

The American singer and producer Akon has resurfaced on the internet after speaking out in favor of Bitcoin. “Nothing backs the dollar” Speaking with Angela Yee and DJ Envy in a radio interview on the Breakfast Club, Akon expressed his views on what makes Bitcoin a better currency than the U.S. dollar. The fact that […]

Charles Hoskinson, CEO of IOHK and founder of Cardano, announced the launch of Atala, an enterprise blockchain aimed at helping governments in developing countries build systems for voting, property registration, and supply chain, as reported by Forbes contributor Rachel Wolfson. On Apr. 30th, Charles Hoskinson announced the launch of Atala, IOHK’s enterprise blockchain solution similar […]

South Africa’s reserve bank released a consultation paper that includes favorable recommendations and guidelines for the crypto asset industry in the country. However, the agency is not looking to treat Bitcoin and other digital currencies as ‘currency.’ On Jan. 16th, The South African Reserve Bank (SARB) released “Consultation Paper on Policy Proposals for Crypto Assets,” which […]

On Oct. 16, in a bid to draw investors by providing a proven source of conflict-free minerals, Rwanda mining authorities announced a blockchain network to track the mineral tantalum – which is used in manufacturing most electronics such as mobile phones. Rwanda announces world's first blockchain project to track tantalum from the pit-face to the […]

Following the launch of its first fiat to crypto exchange Binance Uganda two days ago, the company announced today that it is now accepting deposits of Ugandan shillings (UGX). Deposits for $UGX (Ugandan shillings) are now live at https://t.co/SQVBFDYIV6. $BTC and $ETH trading will begin soon. For more info, check out our FAQ below ?https://t.co/aaEq7TiwZd […]

After successfully trialing blockchain-based payments for wholesale interbank settlement, South Africa’s central bank has scooped up the award for Best Distributed Ledger Initiative at Central Banking’s “FinTech RegTech Global Awards 2018.” Central Banking, a global research and intelligence watchdog for the world’s reserve banks, lauded and awarded the South Africa Reserve Bank (SARB) for “Project […]

Blockchain-based payments processor Ripple, announced its partnership with pop star icon Madonna for endorsing a fundraiser in Malawi, Africa. This post was written in collaboration with Aliesha Duffin. Ripple is leaving no stone unturned for gaining relevance among the masses. The company regularly conducts educational, celebrity endorsements and philanthropic activity regularly to popularize its XRP token. As stated in […]

The benefits that cryptocurrencies can bring to the world are taking hold; Bitcoin is already proving to be a safe haven for citizens of politically corrupt nations, charities are able to open new channels for donations, and artists can be fairly compensated for their work.

Grammy-nominated artist, producer, and entrepreneur, Aliaune Damala Badara Thiam, better known as Akon, recently announced the launch of his own cryptocurrency Akoin. In addition, Akon shared plans to build a first of its kind, 100% crypto-based city in Africa. The new city will be built on a 2000-acre plot gifted to him by the Senegalese […]

The Ethiopian government will be working with Cardano to see how blockchain technology can have a positive impact on the agritech industry. The project will have a strong focus on the countries main export – coffee beans. The goal is to increase transparency throughout the supply chain. On May 3rd, CEO and founder of Cardano, Charles Hoskinson, […]

The fourth annual Blockchain Africa Conference that concluded recently saw some of the brightest crypto minds from across the globe come together to discuss widespread blockchain adoption within the 1.2 billion-strong continent. As things currently stand, a majority of African nations still suffer from everyday armed conflicts, corruption, and poverty. Even though Africa does not […]