In response to a sharp drop in trading volumes that have hit a four-year low, crypto exchanges have launched promotions to bolster their revenue streams.
The World Bank has stated that funding the proposed Sango crypto center will be 'physically difficult' and expressed reservations about the country's adoption of Bitcoin.
A survey issued by the venture capital investor found that funding for African blockchain businesses substantially surpassed investment in conventional venture capital.
“I have long believed that Africa and the global south will be a leader when it comes to adoption of Bitcoin, one of the most disruptive and impactful technologies of our time. Fedi will be doing its part to ensure that ABC22 will be one of the most exciting, informative, and fun Bitcoin conferences of 2022.”
The Central African Republic (CAR) has approved Bitcoin as legal tender - just the second country to do so. CAR is one of the world's poorest countries, but is rich in diamonds, gold and uranium. It has been wracked by conflict for decades and is a close Russian ally, with mercenaries from the Wagner Group helping fight rebel forces.
The African country of 4.8 million people is the world's second to turn to bitcoin, after El Salvador. read more When the Central American country adopted bitcoin as legal tender in June, a small but growing community of business and individual crypto users already existed. Yet its use in commerce has been stymied by internet glitches. read more
Africans primarily use social media sites such as Twitter, YouTube, Facebook, TikTok, and Instagram to learn about Bitcoin and other cryptocurrencies. They also obtain information from books, blog articles, and exchange resources provided by industry leaders such as Binance, Paxful, Luno, and Coinbase.
Nigeria looking to legalise Bitcoin. Most populated country in the continent adoption Bitcoin can be huge. #blockchain ...
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