Africa

How Nigeria’s $32.5 Million Plan B Is Taking Shape

We spoke to Luno and BitPesa about why African countries like Nigeria, South Africa and Ghana now lead the world in Google searches for Bitcoin.

Major cryptocurrency exchange Binance has opened fiat deposits for Nigerians, using the naira in the exchange’s first-ever listed fiat trading pair.

Luno, a bitcoin exchange with a significant presence in Africa, answers questions about the growing adoption and changing perception there.

Lessons from some of the worst bitcoin scams to have hit the African continent — scams that have slowed the adoption rate for bitcoin in Africa.

Strict regulations, costly electricity prices and the high cost of setting up a mining rig are some of the major reasons why the African mining community is spread so thin.

If Bitcoin is to help Africa catch up with the rest of the world, what is preventing Africans from adopting the cryptocurrency?

Huobi Group revealed at the World Blockchain Summit in Dubai that the company is looking to expand its operations to the Middle Eastern, African and South Asian markets in a bid to provide services to its unbanked or underbanked residents.

ONEm wants to bring the benefit of cryptocurrency to millions of the unbanked in Africa through the mCoin program.

The charitable bitcoin organization will work with the University of Edinburgh to to research and examine the effects of cryptocurrencies on both national and international charities.