Africa

Africa

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World Mobile Wraps $39M Token Sale to Launch Mesh Network in Zanzibar

World Mobile is currently rolling out telecommunications equipment to establish a mesh network and bring internet connectivity to Tanzania.

World Mobile has raised $39 million in a token sale to build a mesh network, starting with a project in Zanzibar.

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How Crypto Can Help Nigeria's Economy

From hedging hyperinflation to lowering the cost of cross-border remittances, crypto can improve financial inclusion in Africa's largest economy.

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Yele Bademosi Steps Down as CEO of Bundle Africa

Bademosi will be succeeded by Binance Africa director Emmanuel Babalola

CEO Yele Bademosi and Taiwo Orilogbon, head of engineering, discuss business at the Bundle offices.

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The Headache of 'Crypto Colonialism'

Blockchains can’t rebuild roads or end sectarian violence, famine or natural disasters.

"Blockchain projects can do very little to repair the roads and build strong political institutions in places like Ethiopia," Peter Howson writes.

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Economic Union of 15 West African States Voices Concerns Over Crypto Volatility

Several other risks in the crypto markets were identified by the union's members including shallow liquidity and a lack of legal parameters.

Africa

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What Does It Mean When Bank Regulators, IMF, US Lawmakers Caution Against Bitcoin?

The Basel Committee is asking banks to increase capital requirements for bitcoin exposure, and the International Monetary Fund (IMF) is cautioning against bitcoin risks. U.S. lawmakers are also critical of bitcoin, with Massachusetts Senator Elizabeth Warren urging the government to confront crypto threats “head-on.”

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Africa 'Is Leading Global Cryptocurrency Adoption’: Paxful CEO

Paxful CEO Ray Youssef said all eyes should be on Africa right now.

Crypto use is booming in Africa, Paxful CEO Ray Youssef said.

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Paxful Launches Tool Allowing Merchants to Get Paid in Bitcoin

Peer-to-peer digital asset marketplace Paxful is launching a tool that will allow businesses to receive payments in bitcoin. The tool is particularly aimed at merchants who have been shut out of the traditional banking system. Paxful CEO Ray Youssef explains the use case for the new tool. Plus, the state of crypto adoption in Africa.

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African-focused Crypto Exchange Quidax Discusses Plans for Global Expansion

Quidax, one of the top crypto exchanges in Nigeria, recently raised $3 million from the sale of its QDX token and now aims to expand globally. Quidax CEO Buchi Okoro joins "All About Bitcoin" to discuss the state of crypto in Nigeria, the adoption of blockchain technology in Africa, and the regulatory challenges that Quidax has faced in Africa.

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