Search Results for: remittance

‘Bitcoin Is Worth Zero’ — Kenyan Communication Strategist Warns African Investors to Be Wary

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A Kenyan communications strategist, Mwotia Ciugu, has told African investors to be wary of investing in bitcoin which he claims is worth zero. Bitcoin Structurally Incapable of Delivering on Its Promise In an op-ed published by The Elephant, Ciugu insists bitcoin…

Guverner nigerijske centralne banke pravi, da bo CBDC začela delovati le "nekaj dni"

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The governor of the Central Bank of Nigeria (CBN), Godwinov večer, has confirmed the country’s upcoming digital currency will be launched “in a couple of days from now.” According to the governor, the digital currency which is also known as the…

Chipper Cash Extends Peer-to-Peer Money Transfer Service to South Africa

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Chipper Cash, an African fintech start-up, has extended its peer-to-peer instant money service to South Africa. In addition to being able to use the remittance service, South African users will be able to buy, prodati, and transfer cryptocurrencies like bitcoin, ethereum,…

Remittances to Africa Set to Drop by 5.4 % do $41 Billion — Covid-19 Pandemic and High Sending Costs Blamed

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According to findings from the Continental Migration Report 2021, remittances to African countries are projected to decrease from the $44 billion recorded in 2020 do $41 milijarde. The Covid Effect As expected, the Covid-19 pandemic is identified as one of the…

Africa Has Some of the ‘Highest Grassroots Adoptions in the World’ — Chainalysis Crypto Preview

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While Africa is seen as one of the smallest cryptocurrency markets, according to a preview of Chainalysis’ Geography of Cryptocurrency annual report, this region has “some of the highest grassroots adoptions in the world.” African Volumes Mainly Composed of Retail Transfers…

Zimbabvejski minister pravi, da bi rešitve, ki temeljijo na kriptovalutah, "lahko znižale stroške za nakazila diaspore"

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The Zimbabwean minister of finance, Mthuli Ncube, has once again talked up the potential advantages of using cryptocurrencies. In new comments made shortly after visiting the DMCC Crypto Centre in Dubai, Ncube raises the possibility that the country might use cryptocurrency-based…