Crypto Adoption in Africa
Luno Records $8.3 Billion in Transactions Worldwide
Luno has recorded $8.3 billion in transactions worldwide after recently adding nearly a million new South African customers to its crypto platform. An estimated 15% of South Africans have invested in bitcoin – the second-highest percentage in the world according to the Global Web Index, beating even the USA and Japan. With over 2.1 million users in South Africa, Luno has around the same number of clients as South African Twitter users according to Statistica. It’s also the fifth most popular finance app on iPhone and third on Android – ahead of most of Africa’s biggest banks. A three-month average reveals that more than 145,000 South Africans installed the Luno app each month from November 2020 – January 2021. /* custom css */ .tdi_3_090.td-a-rec-img{ text-align: left; }.tdi_3_090.td-a-rec...
Mastercard to Support Cryptocurrency Transactions on its Network
Mastercard is preparing for the future of transactions by planning to support cryptocurrency transactions across its network. This comes at a time when these digital assets are becoming a more important part of the payments world, especially during Bitcoin’s recent surge in value. In a blog post, Mastercard says, “We are preparing right now for the future of crypto and payments, announcing that this year Mastercard will start supporting select cryptocurrencies directly on our network. This is a big change that will require a lot of work. We will be very thoughtful about which assets we support based on our principles for digital currencies, which focus on consumer protection and compliance.” The company goes on to say that its philosophy on cryptocurrencies is straightforward: It’s ab...
Bitcoin or Ethereum – Which Should You Buy in 2021?
Both bitcoin and Ethereum are the two leading cryptocurrencies. This is why investors are getting attracted and a lot of them are making moves to buy bitcoin and Ethereum. It is an undisputed fact that two projects have great potential. Bitcoin is the first and largest decentralized virtual currency and has been in existence for over 11 years. Satoshi Nakamoto launched Bitcoin in 2009 to help alleviate the economic crisis that conventional banks caused across the globe. Since the creation of Bitcoin, it has helped make transactions easier, faster, and cheaper. Over the years, there have been different speculations by naysayers that the cryptocurrency market will crash soon, on the contrary, the crypto market has been waxing stronger as the years go by. Bitcoin, Ethereum, and other cr...
Will Crypto Enter The Mainstream In Africa?
Cryptocurrencies are garnering interest across the globe, and have been for the last decade, but it is in Africa in which many are starting to think that these new digital currencies will take off with vigour. The reason for this could well be that Africa finds itself in a rather unique monetary situation, along with an equally unique technological one. Mobile and crypto, the perfect combination Whereas in Europe and North America Internet connectivity took off mainly through fixed-line broadband, Africa has been at the forefront of truly mobile-first Internet infrastructure. While cities are indeed rolling out fixed-line broadband, the vast majority of Africans get online through their data connection solely on their mobile phone. This has lead to a situation where 5G is expected to...
