Nigeria
Gaming Is Best On-Ramp for Africans to Get Into Crypto: Nestcoin CEO
Nestcoin CEO Yele Bademosi joins "First Mover" to discuss Nigeria's interest in cryptocurrency and the current state of user adoption amid the crypto winter. Plus, a closer look at gaming guild Metaverse Magna, which calls itself the largest gaming community in Africa, after it has raised $3.2 million at a $30 million valuation.
Africa Has This ‘Crazy Crypto Obsession,’ Nestcoin CEO Says
Crypto gaming guild Metaverse Magna wants to build Africa’s largest gaming DAO. Nestcoin CEO Yele Bademosi says they’ve reached a total community size of around 100,000, but notes the bulk of those users come from Nigeria and Ghana.
Nigeria Plans to Create a Virtual Free Zone With Binance Crypto Exchange
The west African country wants to create something similar to Dubai’s digital city.
Nigeria's CBDC eNaira Used for Nearly $10M Worth of Transactions Since October
The eNaira app has been downloaded 840,000 times and has 270,000 active wallets
Nigeria’s SEC Affirms All Digital Assets Are Securities in New Rulebook
Rules look to clarify crypto’s role in the economy by providing a regulatory framework.
Don’t Blame Crypto for Corruption
An IMF study suggesting crypto is facilitating corruption is off target.
Book Excerpt: 3 Stories of Bitcoin Changing Lives Outside the 'Dollar Bubble'
Alex Gladstein describes how Bitcoin offered entrepreneurs in Nigeria, Sudan and Ethiopia a much-needed, financial resource for helping their families and communities throughout their countries.
Tanzania Plans to Launch CBDC After eNaira Launch: Report
The country’s central bank has reportedly begun preparations for its own CBDC.
Nigerian Payments App Reportedly Suspending Operations Due to Government Crackdown on Crypto
Payments platform KurePay plans to suspend services to Nigerian users starting in 2022.
