Cryptocurrency Africa
Top 4 Most Trending Stories – Week in Review
/* custom css */ .tdi_4_f6c.td-a-rec-img{ text-align: left; }.tdi_4_f6c.td-a-rec-img img{ margin: 0 auto 0 0; } As this week comes to a close we take a look at the stories that resonated most with our readers. An enormous underwater mudslide cripples the internet. The South African government seeks to regulate Netflix and other digital streaming services, and how blockchain and cryptocurrency can increase financial inclusion in developing countries. Finally, the Huawei Band 6 round out this week’s most trending stories. Find out more about this week’s top articles: /* custom css */ .tdi_3_f21.td-a-rec-img{ text-align: left; }.tdi_3_f21.td-a-rec-img img{ margin: 0 auto 0 0; } 4. How Blockchain and Crypto Can Lessen Financial Exclusion in Developing Countries COVID-19 has had many different ...
How Blockchain and Crypto Can Lessen Financial Exclusion in Developing Countries
/* custom css */ .tdi_4_8ce.td-a-rec-img{ text-align: left; }.tdi_4_8ce.td-a-rec-img img{ margin: 0 auto 0 0; } While the COVID-19 crisis has reversed the recent global poverty reduction, according to the UN and other experts, it has also sped up financial inclusion via mobile financial services apps provided by crypto, blockchain and FinTech startups. Many people worldwide take for granted the services billions of others struggle to access. In their book “Financial Exclusion and the Poverty Trap,” authors Pamela Lenton and Paul Mosley assert that one of the main causes of poverty is financial exclusion, which they define as the inability to access finance from mainstream banks. /* custom css */ .tdi_3_d8d.td-a-rec-img{ text-align: left; }.tdi_3_d8d.td-a-rec-img img{ margin: 0 auto 0 0; } ...
The Value of Digital Currencies During the Age of COVID-19
Sourced from Hacker Noon. “Money is no longer the commodity it was a decade ago. How we acquire money is changing, and so is the form of money,” writes John Lombela, MD of African investment and tech company Cryptovecs Capital. He says that with the changing business landscape and the digital evolution, the only way one can define their digital future is by becoming familiar and looking at new digital assets especially if they are seeking funding for their business. “Gone are the days of depending on a bank loan or family and friends investing in your business. Entrepreneurs and those seeking funding can now consider cryptocurrency lending because it offers high yielding gains through margin trading on specific exchanges by lending cryptocurrencies,” Lombela continues. This move has result...
Africa – The Most Promising Region for Cryptocurrency Adoption says Report
Sourced from Hacker Noon. According to a new report by Luno and Arcane Research, the economic landscape across the continent augurs well for cryptocurrency adoption in Africa. The State of Crypto: Africa report says that rapid adoption of cryptocurrencies is likely in Africa in the context of high inflation rates, volatile currencies and underdeveloped banking infrastructure. Certain crypto assets combine the wealth preservation properties of hard assets such as gold with the portability of digital currencies. /* custom css */ .tdi_3_65a.td-a-rec-img{ text-align: left; }.tdi_3_65a.td-a-rec-img img{ margin: 0 auto 0 0; } Cryptocurrencies also offer lower-cost and faster remittance payments than is currently available. Traditional money transmitting services charge very high fees and in...
