Remittances

Advancing Financial Inclusion AUC Coins Set to Revolutionize Retail Payments in South Africa

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Time Stamp: January 11, 2024 10:21 AM - Modified On: January 11, 2024 - Published By:
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AUC Coins to be Added as a Payment Method for Retail in South Africa Key Highlights: Advanced Project's TIER platform enables direct AUC Coin payments at South African retailers. TIER facilitates payments for goods, services, and even municipal bills, creating a holistic ecosystem for AUC Coin usage. Africa leads the way and Advanced Project's success in South Africa serves as a beacon for wider digital asset adoption across the continent. Cape Town, South Africa – January 2024 – Advanced Project, a leading force in African blockchain innovation, is taking a

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

Source Node: https://www.bitcoinnewsminer.com/bitcoin-is-worth-zero-kenyan-communication-strategist-warns-african-investors-to-be-wary/
Time Stamp: November 2, 2021 5:38 AM - Modified On: November 2, 2021 - Published By:
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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 (BTC) is structurally incapable of delivering on its promise of becoming an alternative store of value or a hedge against inflation. In addition, the strategist also claims bitcoin fails both as a currency and an investment. Although he concedes that Africa has one of the highest cryptocurrency adoption rates,

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

Source Node: https://news.bitcoin.com/bitcoin-is-worth-zero-kenyan-communication-strategist-warns-african-investors-to-be-wary/
Time Stamp: November 2, 2021 12:30 AM - Modified On: November 2, 2021 - Published By:
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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 (BTC) is structurally incapable of delivering on its promise of becoming an alternative store of value or a hedge against inflation. In addition, the strategist also claims bitcoin fails both as a currency and an investment. Although he concedes that Africa has one of the highest cryptocurrency adoption rates,

El Salvador prefers Bitcoin over the US dollar

Source Node: https://ambcrypto.com/el-salvadorians-now-embracing-bitcoin-over-the-us-dollar/
Time Stamp: October 17, 2021 8:30 PM - Modified On: October 17, 2021 - Published By:
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El Salvador is on a mission to popularize the use of Bitcoin within the country’s borders and it may be reaching its goal, one citizen, at a time. According to President Nayib Bukele, the adoption of Bitcoin was gaining momentum as the citizens were increasingly exchanging their U.S. dollars for Bitcoin. The President provided data based on its in-house wallet service, Chivo, and noted, “1. People are inserting way more USD (to buy #BTC) than what they are withdrawing from the Chivo ATMs (any media outlet can independently confirm this

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

Source Node: https://news.bitcoin.com/chipper-cash-extends-peer-to-peer-money-transfer-service-to-south-africa/
Time Stamp: September 27, 2021 6:30 AM - Modified On: September 27, 2021 - Published By:
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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, sell, and transfer cryptocurrencies like bitcoin, ethereum, and the USDC stablecoin. South Africa Ripe for Disruption and Innovation According to a report that quotes the start-up’s VP for strategy and partnerships in Africa, Pardon Mujakachi, Chipper Cash has made the foray into South Africa because it believes the country “is ripe for disruption and innovation in

Cuban government says it plans to regulate cryptocurrencies

Source Node: https://www.theblockcrypto.com/linked/115879/cuban-government-says-it-plans-to-regulate-cryptocurrencies?utm_source=rss&utm_medium=rss
Time Stamp: August 27, 2021 3:47 PM - Modified On: August 27, 2021 - Published By:
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advertisement Cuba is planning to regulate cryptocurrencies, according to a resolution published in its official national gazette on August 26th that was covered by the Associated Press and several other outlets.According to the text, the resolution aims to establish rules for regulating the use of virtual assets, as well as granting licenses to service providers dealing with said assets. It would allow the Bank of Cuba to authorize virtual assets and service providers “for reasons of socioeconomic interests.” In this case, virtual assets refer to the “digital representation of value”

mStable DeFi Guide: Ultimate Stablecoin Solution

Source Node: https://www.asiacryptotoday.com/mstable/
Time Stamp: August 4, 2020 10:44 AM - Modified On: May 21, 2021 - Published By:
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mStable is a newly launched DeFi protocol aimed at streamlining the application of stablecoins in a unified ecosystem it aims to create. There are many projects that seek to increase the adoption of cryptos by linking them to traditional financial systems. Stablecoins, for one, have been created to do just that. Using blockchain and smart contracts, the crypto community has devised a way to make digital asset representation of fiat currencies. But even behind the recent developments surrounding stablecoins, a concern still remains: the assets that back the number of