African Crypto Passions. Part 1

    The crypto economy as of late has been developing most rapidly in Africa, Latin America and the post-Soviet states. We decided to take a closer look at the process. Africa is still the poorest region of the planet, but its economy is booming. What’s more, this growth comes “from the ground up”, that is, the…

    Nigeria launches Africa’s first digital currency – eNaira

    Nigeria launched on Monday a digital currency (eNaira), the central bank said, months after it barred banks and financial institutions from dealing in or facilitating transactions in cryptocurrencies. Nigeria joins 14 other countries now in the pilot stages with their own central bank digital currencies (CBDCs), including China, South Korea, and Sweden, with a total…

    Canada, India and Nigeria make steps toward CBDCs adoption

    This week, several central banks at once released announcements regarding national digital money. Financial regulators of Canada, India, and Nigeria made moves toward launching their own central bank digital currencies (CBDCs). The Central Bank of Nigeria (CBN) has this week redoubled its investment and research into crypto’s underlying technology, blockchain, and has set a clear…

    Will Africa’s next to adopt Bitcoin?

    The emerging markets are hurry to embracing opportunities of the digital economy. After El Salvador becoming the first country has given a legal tender status to Bitcoin, a number of countries want to follow, writes Paul Opoku for Bitcoin Magazine. Latin American neighbors to El Salvador, such as Panama, Argentina, and Paraguay, have started a…

    NFL star asked the Nigerian government to adopt Bitcoin

    Russell Okung, an NFL star and Nigerian descendant, sent an open letter to the Nigerian government to pursue a Bitcoin standard. After mentioning Nigerian economic problems and challenges of the global economy, he urged to hurry up to seize the opportunity window regarding cryptocurrency technologies. NFL star argued to follow El Salvador’s example and to…